Global oil demand growth slows as China slumps: IEA
Paris (AFP) Sept 12, 2024
Global oil demand grew at its slowest pace since 2020 in the first half of 2024 due to China's economic slump, the International Energy Agency said Thursday, prompting the IEA to lower its full-year forecast. Demand increased by 800,000 barrels per day (bpd) in the first six months of 2024, compared to 2.3 million bpd over the same period in 2023, the IEA said in its monthly oil market repor
Global oil demand grew at its slowest pace since 2020 in the first half of 2024 due to China's economic slump, the International Energy Agency said Thursday, prompting the IEA to lower its full-year forecast. Demand increased by 800,000 barrels per day (bpd) in the first six months of 2024, compared to 2.3 million bpd over the same period in 2023, the IEA said in its monthly oil market repor