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Oil Demand to Hit Record Level This Year as China Reopens, IEA Says
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China’s rapid shift to reopen its economy following lengthy Covid-19 lockdowns should help oil demand rise to a record level this year, the International Energy Agency said.
The energy watchdog lifted its forecast for oil demand growth this year by nearly 200,000 barrels a day to 1.9 million barrels a day. The extra demand means that the IEA now expects total oil demand this year to average 101.7 million barrels a day, well above pre-Covid levels and a record amount.
Read more on wsj.comAbout this in other media
IMF Upgrades Outlook for Global Economy as Inflation Eases and China Reopens wsj.com /1 year ago
OPEC+ Ministers Set to Stay the Course on Oil Production Amid China Covid Woes wsj.com /1 year ago
IMF Upgrades Outlook for Global Economy as Inflation Eases and China Reopens wsj.com /1 year ago
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