SOLID GLOBAL ECON­OMY AND OIL

Arabian Business English - - UPFRONT -

A strong world econ­omy is ex­pected to un­der­pin solid in­creases in oil de­mand. Strong economies will, in turn, use more oil and the IEA ex­pect de­mand to grow at an av­er­age an­nual rate of 1.2 mil­lion bar­rels per day (bpd). By 2023, oil de­mand will reach 104.7 mil­lion bd, up 6.9 mil­lion bpd from 2018.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.