IEA cuts 2017, 2018 oil demand growth forecast by 100,000 bpd

Haresh Menghani FXStreet

In a new report, the energy watchdog - International Energy Agency (IEA), slashed its 2017, 2018 oil demand forecast by 100,000 bpd to 1.5 mbpd and 1.3 mbpd respectively.

Additional headlines:

• Sees balances likely to show oversupplied crude oil markets in Q4 2017, Q1 And Q2 2018
• Sees global oil demand growth at 97.7 mbpd in 2017, 98.9 mbpd in 2018

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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