Forex
globalreutersOctober 15, 20241 Mins read
IEA cuts 2024 oil demand growth forecast amid China drag
globalreutersOctober 15, 20241 Mins read - 2024 world oil demand growth forecast seen at 860k bpd (previously 900k bpd)
- China demand seen only rising by 150k bpd in 2024
- 2025 world oil demand growth forecast seen at 1 mil bpd (previously 950k bpd)
IEA notes that “in the absence of a major disruption, the oil market is faced with a sizeable surplus in the new year”. For some context, IEA has been more grounded with their view through the year – as opposed to the overly optimistic one from OPEC, which they are now tuning down.
This article was written by Justin Low at www.forexlive.com.
Recent Posts
Categories
Related Articles
US MBA mortgage applications w.e. 1 November -10.8% vs -0.1% prior
Prior -0.1%Market index 191.4 vs 214.5 priorPurchase index 130.8 vs 137.8 priorRefinance...
Treasury yields nudge towards the highs for the day as Trump confirmed as election winner
That is the highest level in four months and carries on from...
Mexican Peso plunges as Trump elected president
The Mexican Peso (MXN) plummets in its most-heavily traded pairs on Wednesday,...
USD/CHF Price Forecast: Strives to extend rally above 200-day EMA
The USD/CHF pair rallies to near 0.8750 in Wednesday’s European session.
Leave a comment