HomeNews listOBJECTIVE PRESSRecord Chinese Oil Demand Prompts IEA To Lift Global Growth Forecast  

Record Chinese Oil Demand Prompts IEA To Lift Global Growth Forecast  

  • May 16, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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The world’s oil demand is set to rise by 2.2 million barrels per day (bpd) this year to a record 102 million bpd, the International Energy Agency (IEA) said on Tuesday, revising up its forecast by 200,000 bpd as China’s demand hit a record. The Chinese recovery continues to exceed expectations, the agency said in its Oil Market Report today, noting that China set an all-time record for its oil consumption in March 2023 at 16 million bpd.   In last month’s report, the IEA also expected the world to see record demand for oil…      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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