IEA Raises Global Forecasts as China's Oil Demand Surges to Record High
TL;DR Summary
China's demand for oil has hit a record high as the International Energy Agency (IEA) raises its global forecasts. The IEA predicts that global oil demand will recover to pre-pandemic levels by the end of 2022, with China leading the way in consumption. China's demand for oil has been boosted by its economic recovery and increased travel during the recent holiday season.
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