The International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in 2023 as demand is "scaling record highs."
World oil demand already hit a record 103 million barrels per day in June and August and "could see yet another peak," the Paris-based IEA said in its monthly report.
"For 2023 as a whole, global oil demand is set to expand by 2.2 million barrels per day to 102.2 million barrels per day," it said.
China accounted for 70 per cent of growth, the IEA said, adding that demand in the Asian giant was "also stronger than expected, reaching fresh highs despite persistent concerns over the health of the economy."
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