{"id":84283,"date":"2023-11-14T04:59:24","date_gmt":"2023-11-14T09:59:24","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/iea-raises-oil-demand-growth-forecasts-despite-economic-gloom\/"},"modified":"2023-11-14T04:59:24","modified_gmt":"2023-11-14T09:59:24","slug":"iea-raises-oil-demand-growth-forecasts-despite-economic-gloom","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84283","title":{"rendered":"IEA raises oil demand growth forecasts despite economic gloom"},"content":{"rendered":"
\n

By Natalie Grover and Alex Lawler<\/p>\n

LONDON (Reuters) – The International Energy Agency (IEA) on Tuesday raised its oil demand growth forecasts for this year and next despite an expected deceleration in economic growth in nearly all major economies.<\/p>\n

Oil demand has been supported this year by resilient U.S. deliveries and record September demand from China, while 2024 expectations are underpinned by hopes of interest rate cuts and the recent fall in crude prices, the Paris-based agency said. <\/p>\n

“For now, with demand still exceeding available supplies heading into the Northern Hemisphere winter, market balances will remain vulnerable to heightened economic and geopolitical risks \u2013 and further volatility ahead,” it said. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Natalie Grover and Alex Lawler LONDON (Reuters) – The International Energy Agency (IEA) on Tuesday raised its oil demand growth forecasts for this year and next despite an expected deceleration in economic growth in nearly all major economies. Oil demand has been supported this year by resilient U.S. deliveries and record September demand from […]<\/p>\n","protected":false},"author":1,"featured_media":1185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-84283","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nIEA raises oil demand growth forecasts despite economic gloom | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Natalie Grover and Alex Lawler LONDON (Reuters) - The International Energy Agency (IEA) on Tuesday raised its oil demand growth forecasts for this year\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=84283\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IEA raises oil demand growth forecasts despite economic gloom | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"By Natalie Grover and Alex Lawler LONDON (Reuters) - 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