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The International Energy Agency publishes monthly report on the oil market Soaring natural gas prices have increased global oil demand

 Last Update: 2023-01-08
 Source: Internet
 Author: User

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On August 11, local time, the International Energy Agency released a monthly report
on the oil market.
The report shows that due to hot weather and soaring natural gas prices, some countries have had to change their power generation methods and switch to petroleum oil oil for power generation
.
At the same time, European industries, including refining, are also switching their use of fuels, so global oil demand will grow more than previously forecast
this year.

The International Energy Agency expects global oil demand in 2022 to be 99.
7 million barrels
per day.
The IEA also said international oil prices had fallen to $
30 a barrel from their peak in June due to increased oil supplies and heightened concerns about a deteriorating economic outlook.

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