Less than a minute
98 words
1 view
If the pace of global economy deteriorates further, the International Energy Agency (IEA) could revise down again its oil demand growth expectations for this year and next, the IEA’s executive director Fatih Birol told Reuters on Friday. “It will depend on the global economy. If the global economy weakens, for which there are already some signs we may lower oil demand expectations,” Birol said on the sidelines of a forum in South Korea. The IEA and many other organizations and analysts, including OPEC, have trimmed their oil demand…