oil
The head of the International Energy Agency (IEA) Fatih Birol, on Thursday; It is expected that the market will witness oil narrowly in 2023, more than expected.
The most prominent statements of the head of the International Energy Agency, Birol:
- The demand for oil will increase stronger than expected, if the economy of the largest oil importer in the world recovers.
- Russian oil exports appear resilient, contrary to expectations.
- He does not see tightness in the oil market at the moment, but we must be aware of the uncertainties.
- We must highlight Russia and China.
- The oil market may witness tightness in 2023, more than expected.
- According to the forecasts of the International Energy Agency; Russian oil exports will decline in the first quarter of this year.
International energy expectations rise in demand for oil to this record level!
The International Energy Agency (IEA)IEA) issued a report on the oil market for the month of January yesterday, Wednesday, and stated that the global demand for oil will increase this year, and that increase was estimated by 1.9 million barrels per day, to reach a record level of 101.7 million barrels per day..
The report sheds light on the countries of China and Russia as major players in the global oil market, following the reopening of China and the Western sanctions imposed on the Russian Federation regarding energy products. He warned that the oil market may narrow rapidly due to the impact of Western sanctions on Russian oil exports.
Saudi Aramco expects higher demand for oil from China