IEA lowers forecast for global oil demand in 2023

The International Energy Agency (IEA) for the first time this year lowered its forecast for oil demand in the world for 2023 - by 170,000 barrels per day (b/d), Report informs referring to the July report of the agency.

According to forecasts, the demand for oil in the world in 2023 will grow by 2.2 million (b/d), to 102.1 million (b/d), the report says.

The agency notes that demand in the first quarter amounted to 100.5 million (b/d). In the second quarter, according to the IEA, demand rose to 101.4 million barrels per day, and in the third and fourth the agency expects it to be at the levels of 103.1 and 103.3 million barrels per day.