Play Video
“Two wild cards dominate the 2023 oil market outlook: Russia and China,” the Paris-based energy watchdog said in its monthly oil report.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
But despite possible but likely mild recessions in Europe and the United States, China’s expected reopening is set to fuel rebounds in nearby Asian economies and see it take the lead from India as the world’s leader in oil demand growth. “The preeminent driver of 2023 GDP and oil demand growth will be the timing and pace of China’s post-lockdown recovery,” the IEA said.Article content
Source: Energy Industry News (energyindustrynews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China’s COVID-19 reopening set to push 2023 oil demand to new high, IEA says‘Two wild cards dominate the 2023 oil market outlook: Russia and China,’ the IEA said in its monthly oil report
Source: globeandmail - 🏆 5. / 92 Read more »
IEA sees oil demand hitting record high this year while supply slowsOil demand to hit record high because of the lifting of COVID\u002D19 restrictions in China, International Energy Agency (IEA) says. Read more
Source: financialpost - 🏆 7. / 85 Read more »
IEA sees oil demand hitting record high this year while supply slowsOil demand to hit record high because of the lifting of COVID\u002D19 restrictions in China, International Energy Agency (IEA) says. Read more Make your mind up at the NP Recession or No recession Oil up,or down Everyday you flip flop As demand keeps going up and ideologues who are in our government keep hampering our energy industry creating an energy crisis globally. There's a good possibility that armed conflicts will start over energy. Because renewables will not replace fossil fuels at this point.
Source: nationalpost - 🏆 10. / 80 Read more »
Oil prices gain around 1% on optimism over China’s recoveryBrent crude futures were up $1.21 to $87.13 a barrel by 0942 GMT, while U.S. West Texas Intermediate crude futures were up $1.36 to $81.54
Source: globeandmail - 🏆 5. / 92 Read more »
Climate activist Greta Thunberg to meet IEA chief in Davos on ThursdayGreta Thunberg is due to meet IEA executive director Fatih Birol along with fellow campaigners Helena Gualinga, Vanessa Nakate and Luisa Neubauer Activist…so,
Source: globeandmail - 🏆 5. / 92 Read more »
IEA chief Fatih Birol says he expects tighter energy markets in 2023Fatih Birol said that even though currently there was no tightness in the energy market, there were uncertainties to watch out for, namely Chinese demand and Russian supply
Source: globeandmail - 🏆 5. / 92 Read more »