MOSCOW, April 14. /TASS/. The International Energy Agency (IEA) maintained its outlook on growth of global oil demand in 2023 at 2 mln barrels per day to a record 101.9 mln barrels per day, the agency reported on Friday.
Growth is expected to be propelled by international travel and a continued recovery in China, according to the report.
OECD oil demand slowed by warmer weather and sluggish industrial activity, fell by 390,000 barrels per day in Q1 2023 year-on-year.
The agency expects an increase in demand by the end of the year mainly in non-OECD countries, which will account for around 87% of growth. China only will account for half of global growth, the IEA noted.