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IEA raises global oil demand forecast for 2024 but trails Opec’s ambitious estimates

Opec and the IEA have been increasingly at loggerheads over their assumptions on peak oil and demand growth scenarios

Oil demand prediction: International Energy Agency executive director Fatih Birol.
Oil demand prediction: International Energy Agency executive director Fatih Birol.Photo: REUTERS/SCANPIX
Middle East and South Asia EditorNew Delhi
OpecIEAFatih BirolSaudi ArabiaCanada
Published 19 January 2024, 08:48Updated 19 January 2024, 08:48