IEA expects oil demand slowdown to persist in 2024 as prices fall on oversupply concerns
Publishing timestamp: 2023-12-14 09:51:38
Summary
The International Energy Agency warns of mounting evidence of softening global oil demand and expects a continued slowdown into 2024. They have a bearish sentiment on the oil market, despite OPEC's more optimistic outlook. Oil prices have been affected by oversupply concerns.
Sentiment: MIXED
Tickers: @CL.1,
Keywords: world economy, opec, business news, energy, u.s. economy, wti crude (mar'23),