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IEA lowers its growth forecast in oil demand for 2018, 2019

AFP  |  Paris 

The International Agency on Friday revised lower its growth forecast in global for 2018 and 2019, citing high prices, trade tensions and a less favorable economic outlook.

The estimated growth in global demand has been reduced by 110,000 barrels per day for each of the two years.

This growth is expected to be 1.3 million bpd this year, then 1.4 million bpd in 2019.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 14:15 IST