IEA: Oil demand rises as gas prices surge - Sharjah24

Sharjah 24 – AFP: Global oil demand will rise more than previously forecast this year as heatwaves and soaring gas prices are prompting countries to switch fuels for power generation, the International Energy Agency said Thursday.

Oil prices have dropped by $30 per barrel from a peak in June due to growing supplies and "escalating concerns over the deteriorating economic outlook", the Paris-based agency said in a monthly repor… [+1418 chars]

full article...