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IEA: Global Oil Demand In The Next Three Months Will Exceed 100 Million Barrels
Sep 17, 2018

According to "Gulf Oil News" London, September 17: The International Energy Agency (IEA) said recently that the global oil demand in the next three months will exceed 100 million barrels, which will put upward pressure on oil prices, but Emerging market crises and trade disputes may weaken this demand.

The Paris-based International Energy Agency maintained its forecast for strong global growth in demand this year and next in its latest monthly report, which was 1.4 million barrels per day in 2018 and 1.5 million barrels per day in 2019. The International Energy Agency, which provides energy policy advice to Western governments, said in its monthly report: "The market situation is tightening. Since April, the price range of Brent crude oil of $70 to $80 per barrel may be tested."

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