The IEA raised its demand estimate by 200,000 bpd, with the agency saying China will drive nearly half of global demand growth.
- Jan 18, 2023, 5:42 AM CST
Oil prices continued to rally early on Wednesday morning on IEA estimates that oil markets are set to tighten in 2023.China’s reopening is set to drive global oil demand to a record high of 101.7 million barrels per day this year, up by 1.9 million bpd from 2022, the International Energy Agency said on Wednesday, raising its demand growth estimate for 2023 by 200,000 bpd from 1.7 million bpd growth expected in December.
“An overall non-OPEC+ rise of 1.9 mb/d will be tempered by an OPEC+ drop of 870 kb/d due to expected declines in Russia,” the IEA said in the report.As a result, market balances are set to tighten as this year progresses, the agency noted.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Global oil demand set to reach record high as China reopens, IEA says\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Consulte Mais informação »
Global oil demand set to reach record high as China reopens, IEA says\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Consulte Mais informação »
IEA: Half Of All Cars Sold In Top Markets Will Be Electric By 2030 | OilPrice.comEvery other car sold in 2030 in the three largest EV markets – China, Europe, and the United States – will be an electric vehicle, the head of the International Energy Agency (IEA) said on Tuesday.
Consulte Mais informação »
Hydrogen Company ITM Power Sees Shares Nosedive After Profit Warning | OilPrice.comShares in ITM Power nosedived 13.5 per cent on the London Stock Exchange this morning, after the energy storage specialist announced a third profit warning in less than eight months.
Consulte Mais informação »
NI charity sees 50% increase in calls to domestic and sexual abuse helplineA charity supporting victims of domestic and sexual abuse saw the number of calls to its helpline increase by 50% during December
Consulte Mais informação »
Love Island first look sees couples kiss and sparks fly as racy challenges beginTonight's Love Island teaser sees newcomer Tom waste no time in getting to know the girls, and the Islanders take part in a racy game of dares leaving a few hot under the collar
Consulte Mais informação »