IEA's Outlook For Global Oil Demand Growth At 1.3 MB/D In 2018, 1.4 MB/D In 2019 - Report

Mohammad Ali (@ChaudhryMAli88) Published November 14, 2018 | 03:13 PM

The International Energy Agency's (IEA) estimate for the global oil demand growth has remained mainly the same, at about 1.3 million barrels per day in 2018 and 1.4 million barrels per day in 2019, according to the IEA report issued Wednesday

MOSCOW (UrduPoint News / Sputnik - 14th November, 2018) The International Energy Agency's (IEA) estimate for the global oil demand growth has remained mainly the same, at about 1.3 million barrels per day in 2018 and 1.4 million barrels per day in 2019, according to the IEA report issued Wednesday.

"The outlook for global oil demand growth is largely unchanged at 1.3 mb/d in 2018 and 1.4 mb/d in 2019, as a weaker economy is largely offset by lower oil prices. OECD demand is expected to increase by 355 kb/d in 2018, slowing to 285 kb/d in 2019," the report said.