IEA cuts oil demand growth forecast

Downwards revision offsets supply concerns as market remains stable despite Mid-East incidents

Supply threat: UAE Navy boats next to Al Marzoqah Saudi Arabia tanker off the Port of Fujairah earlier this week — Supply threat: UAE Navy boats next to Al Marzoqah Saudi Arabia tanker off the Port of Fujairah earlier this weekPhoto: SATISH KUMAR/REUTERS

Steve Marshall

Published 15 May 2019, 08:44Updated 15 May 2019, 08:52