The International Energy Agency (IEA) joined the chorus of analysts saying that the pace of global oil demand recovery has stalled in recent weeks on the back of weak refining margins, a lack of recovery in jet fuel demand, and uncertainties over global economic growth, including in the world’s top oil importer, China. Although the IEA doesn’t forecast major slowdowns in demand going forward, global oversupply has yet to show strong signs of drawdowns, Keisuke Sadamori, Director, Energy Markets and Security at the IEA, told Reuters . “It doesn’t seem like a massive stock draw seems to be happening yet,” Sadamori told Reuters, noting that “We are not seeing a robust pickup in refining activity, and jet fuel is the big problem.” Uncertainties over the course of China’s economy and by extension, oil demand, are also weighing on the oil market, according to the official. In its latest Oil […]