IEA downgrades 2024 oil demand growth forecast as prices heat up

April 12, 2024

An oil pumpjack is shown near the Callon Petroleum vicinity on March 27, 2024 in Monahans, Texas.

The International Energy Agency on Friday downgraded its forecast for 2024 oil demand growth, citing “exceptionally weak” OECD deliveries, a largely complete post-Covid-19 rebound and an expanding electric vehicle fleet.…

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