Supply risks still haunt market despite high oil prices: IEA

  • 📰 eNCA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

High oil prices have yet to dampen demand which is set to continue rising and may soon outstrip supply, the International Energy Agency warned.

GETTY IMAGES NORTH AMERICA/AFP/File | David Ryder

"Without strong policy intervention on energy use, risks remain high that the world economy falls off-track for recovery," the Paris-based agency that advises industrialised nations on energy policy said in its latest monthly report on oil markets. The IEA now expects oil demand to rise this year to 99.2 million barrels per day and to 101.3 mbd next year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.

I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa’s mining industry – which consumes almost a third of Eskom’s power supply – wants to free up more energy for the rest of usThe Minerals Council of South Africa shows the effects that rolling blackouts has had on one of South Africa’s largest users and employers.
Source: BusinessTechSA - 🏆 24. / 61 Read more »