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[rtl]International Energy Agency cuts estimates of oil demand growth[/rtl]
[rtl]Follow / tomorrow[/rtl]
[rtl]The head of the International Energy Agency (IEA), Fatih Birol, said on Friday that the agency may reduce its estimates of the growth of global oil demand for 2019 and 2020 if the global economy slumps further.[/rtl]
[rtl]"It will depend on the global economy, as the global economy is weakened, which there are already some indications on it," Perol told Reuters on the sidelines of a forum in Seoul.[/rtl]
[rtl]The Paris-based agency in August lowered its forecast for global oil demand growth for 2019 and 2020 to 1.1 million and 1.3 million barrels per day respectively, as trade concerns weigh on global crude consumption, resulting in slowing demand growth since the financial crisis. In 2008.[/rtl]
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