Showing posts with label oil.energy. Show all posts
Showing posts with label oil.energy. Show all posts

Thursday, September 12, 2024

#energy #oil - Oil Market: IEA Warns Global Demand Growth 'Slowing Sharply' as China Cools: Bloomberg Television

12 September 2024

Global oil demand growth is “slowing sharply” as China’s economy cools, pushing prices to a three-year low, the International Energy Agency said. World consumption increased by 800,000 barrels a day in the first half of the year, barely a third of the expansion in the same period of 2023, the adviser to major economies said in a monthly report.


It’s the lowest rate since oil demand crashed during the 2020 pandemic. Toril Bosoni, head of the agency’s oil market division, discusses the report's findings on Bloomberg Television.


#investment #finance - Bloomberg Surveillance 09/12/2024