IEA: Demand for oil on track to reach all-time high in 2023

Cecilia Keating
clock • 2 min read
Global oil demand is predicted to reach an everage of 102.2 million barrel in 2023 | Credit: iStock
Image:

Global oil demand is predicted to reach an everage of 102.2 million barrel in 2023 | Credit: iStock

Energy transition it is slowing down growth of oil demand, but it is yet to reduce overall levels of consumption of the fossil fuel, IEA warns

Demand for oil is likely to hit new heights this year, after consumption of the fossil fuel reached a record high in June, according to the International Energy Agency (IEA). The IEA's latest oil market...

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Cecilia Keating
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