Global oil-demand growth is expected to slow next year, reflecting weaker economic growth across major economies in the wake of higher interest rates, the International Energy Agency said.
The Paris-based organization said Thursday in its monthly report that demand growth is expected to halve to 1.1 million barrels a day next year, with average demand seen at 102.8 million barrels a day. The outlook for 2024 was raised by 130,000 barrels a day compared with previous estimates.
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