Oil rises as IEA hikes 2022 demand growth forecast - Business News, Finance News, Share Market News - Market trendz

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Thursday 11 August 2022

Oil rises as IEA hikes 2022 demand growth forecast

"Natural gas and electricity prices have soared to new records, incentivising gas-to-oil https://ift.tt/EyTFVMX switching in some countries," the Paris-based agency said in its monthly oil report, in which it raised its outlook for 2022 demand by 380,000 barrels per day (bpd).

from Commodities-Markets-Economic Times
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