IEA lowered forecast of global oil demand for this year by 100 thousand barrels per day

The International Energy Agency lowered the forecast of the global oil demand for 2018 by 100 thousand barrels per day to 99.2 million barrels per day. The agency's report says that demand in 2018 has been revised downwards by 60,000 barrels per day, both in the countries of the Organization for Economic Cooperation and Development and in countries not included in the OECD. IEA experts note that in the second half of the year the demand growth rate is expected to slow down due to the increase in oil prices. The IEA report says that the forecast is revised against the background of improved weather conditions and the recent jump in oil prices.

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