IEA AND OPEC PREDICTIONS OF 2024 OIL DEMAND GROWTH DIVERGE FURTHER
- NEWS Desk Global
- Oct 12, 2023
- 1 min read
The gap between two leading oil forecasters' views on 2024 demand growth widened on Thursday, with the International Energy Agency (IEA) predicting a sharper slowdown while producer group OPEC stuck to expectations for buoyant China-led growth.
The Organization of the Petroleum-Exporting Countries (OPEC) and the IEA, which represents industrialised countries, have clashed in recent years over issues such as the long-term oil demand outlook and the need for investment in new supplies.
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