{"id":85355,"date":"2023-06-14T16:30:00","date_gmt":"2023-06-14T12:30:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=85355"},"modified":"2023-06-14T17:21:42","modified_gmt":"2023-06-14T13:21:42","slug":"iea-global-oil-demand-will-grow-by-2-4-million-bpd-this-year","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/iea-global-oil-demand-will-grow-by-2-4-million-bpd-this-year\/06\/14\/market-updates\/","title":{"rendered":"IEA: Global oil demand will grow by 2.4 million bpd this year"},"content":{"rendered":"\n<p>The International Energy Agency (IEA) claimed in its latest oil market analysis, published on Wednesday, that &#8220;global oil demand will grow by 2.4 million bpd this year, to a record 102.3 million bpd.&#8221;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The shift to a clean energy economy is picking up pace.<\/p><p>A peak in global oil demand is in sight before the end of this decade.<\/p><p>That is helped by growth from the post-pandemic recovery, which is set to end this year.<\/p><p>2024 will mark the end of the post-pandemic demand recovery.<\/p><p>Expects annual oil demand growth to slump to 400k bpd by 2028.<\/p><p>Global oil supply fell by 660,000 bpd to 100.6 mln bpd in may after additional cuts by some OPEC+ producers.<\/p><p>Bearish economic indicators contrast with resurgent oil use in China and India.<\/p><p>Global oil demand will rise by 6% between 2022 and 2028 to 105.7 mln bpd.<\/p><p>2024 will mark end of post-pandemic demand recovery, with growth set for 860,000 bpd.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The International Energy Agency (IEA) claimed in its latest oil market analysis, published on Wednesday, that &#8220;global oil demand will grow by 2.4 million bpd this year, to a record 102.3 million bpd.&#8221; The shift to a clean energy economy is picking up pace.A peak in global oil demand is in sight before the end &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[7214,6936,7004,6909],"class_list":["post-85355","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-biden","tag-oil-prices","tag-opec-2","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=85355"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85355\/revisions"}],"predecessor-version":[{"id":85356,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85355\/revisions\/85356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32612"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=85355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=85355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=85355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}