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Title : IEA Warns Of Possible Oil Shortages
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IEA Warns Of Possible Oil Shortages

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RT: IEA warns of possible oil shortage  

Global demand will rise by 6% between 2022 and 2028, according to the energy watchdog  

The International Energy Agency (IEA) has raised its outlook for world oil demand to a record high of 102.3 million barrels a day this year, saying it will be powered by faster-growing economies in the developing world. 

In its latest medium-term market report released this week, the IEA projects global oil demand to grow 6% between 2022 and 2028 to reach 105.7 million barrels per day (bpd), up 5.9 million bpd compared to 2022 levels. 

That growth will be supported by strong demand from the petrochemical and aviation sectors, it said.  

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WNU Editor: The IEA also predicts oil demand to peak within a decade .... Oil demand could peak this decade, IEA says (CNN).  

Update: This is where Russian oil is going .... IEA: 80% Russian oil exports went to India, China in May (India Times).

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