[AdamB]

The International Energy Agency raised its forecast for global crude oil demand for 2023 in its Oil Market Report for February. Citing the re-opening of China’s economy as the main driver of rising demand, IEA analysts raised the 2023 forecast to 101.9 million barrels per day (bpd), an increase of 200,000 bpd from the agency’s January report.

IEA Raises Global Oil Demand Forecast Again

[theluckycountry]

The Us has been consuming less and less oil as the years go by, just like Brazil and Venezuela and other nations in economic decline. China is on the rise though, where the manufacturing goes, so goes the increased standards of living.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'T')he Us has been consuming less and less oil as the years go by, just like Brazil and Venezuela and other nations in economic decline.

[ralfy]

Around 70 pct of heavy equipment for mining, up to half of energy for manufacturing, the bulk of energy for shipping, which involves extensive supply chains spanning numerous countries, mechanized agriculture, and petrochemicals needed for thousands of applications, involve fossil fuels.

[AdamB]

$this->bbcode_second_pass_quote('ralfy', 'A')round 70 pct of heavy equipment for mining, up to half of energy for manufacturing, the bulk of energy for shipping, which involves extensive supply chains spanning numerous countries, mechanized agriculture, and petrochemicals needed for thousands of applications, involve fossil fuels.