Global oil demand continues to lose momentum due to China’s economic weakness and a slowdown in countries of the Organization for Economic Cooperation and Development, the International Energy Agency said Sept. 14, trimming its 2022 demand growth estimate by 100,000 b/d, reports SP Global.
Switching from gas to oilLowering its demand growth estimate for 2022 to 2 million b/d, the IEA noted demand had found some support from high gas prices prompting a switch from gas to oil in power generation...
https://mfame.guru/world-oil-demand-growth-continues-to-lose-momentum/