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IEA keeps outlook on growth of global oil demand for 2024

In absolute terms, the demand for oil may reach record 103 mln barrels per day in 2024

MOSCOW, February 15. /TASS/. The growth of global oil demand will slow down to 1.2 mln barrels per day in 2024 from 2.3 mln barrels per day in 2023, the IEA (International Energy Agency) said in its February Oil Market Report. Consequently, the outlook for this year has remained intact since the previous report was published.

In absolute terms, the demand for oil may reach record 103 mln barrels per day in 2024.

Oil demand growth went down to 1.8 mln barrels per day in Q4 2023 from 2.8 mln barrels per day in Q3, with China accounting for 830,000 barrels per days of the decrease, the agency noted.

India, China and Brazil are expected to become the main drivers of oil demand growth in 2024, the IEA said, adding that those countries would ensure 78% of the demand increase.

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Cuba thanks EAEU countries for support amid US blockade — president

We are a small country, which has been under the [US] economic, trade and financial blockade for more than 60 years, Miguel Diaz-Canel said

Russia hammers Ukrainian energy, military sites in retaliatory strike — top brass

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Cuba thanks EAEU countries for support amid US blockade — president

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Since June 12, 2013, Putin has been the leader of the non-governmental movement All-Russia People’s Front, created at his initiative as a coalition of social and political forces

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Russian diplomat accuses EU spokesman of 'inciting terrorism' with Crimean Bridge remarks

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Medvedev gives warning amid talk of deploying Western troops to Ukraine

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Russian sniper reports elimination of Ukrainian serviceman wearing helmet with SS emblem

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Belgium explains absence of ambassador at Russian president’s inauguration ceremony

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