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IEA raises oil demand growth forecasts by 380,000 b/d

In its August issue Oil Market Report, the International Energy Agency raised its estimates for 2022 global demand growth by 380,000 b/d, to 2.1 million b/d, as soaring oil use for power generation and gas-to-oil switching are boosting demand.

IEA raises oil demand growth forecasts by 380,000 b/d