TL;DR CNBC

IEA downgrades oil demand growth forecast as prices heat up on elevated Middle East tensions

Publishing timestamp: 2024-04-12 10:07:36

Summary

IEA downgrades forecast for 2024 oil demand growth due to weak OECD deliveries and expanding electric vehicle fleet. Oil prices rebound on Middle East tensions. Concerns about supply disruptions from oil-producing regions.

Sentiment: MIXED

Tickers: @CL.1,  @LCO.1, 

Keywords: energy,  ice brent crude (apr'23),  opec,  business news, 

Source: https://www.cnbc.com/2024/04/12/iea-downgrades-2024-oil-demand-growth-forecast-as-prices-heat-up.html