Oil demand set to grow sharply in 2023 says IEA

Global oil demand growth will rebound strongly next year as China eases COVID lockdowns, the International Energy Agency (IEA) said, adding that an economic slowdown will pause growth only briefly at the end of this year.

The outlook preserves a relatively bullish view for robust growth next year despite economic headwinds, built on the expectation that China will get back to work while growth in air travel will boost jet fuel demand.

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