The International Energy Agency has sharply raised its world oil demand estimate for 2021, pointing to further signs that the global economy is recovering faster than previously expected, particularly in the US and China. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Stronger economic forecasts and “robust” indicators of prompt demand mean the global oil demand will grow 230,000 b/d faster than previously forecast, the IEA said in its latest monthly oil market report published April 14. World oil demand is now expected to expand by 5.7 million b/d in 2021 to 96.7 million b/d, following a collapse of 8.7 million b/d last year, the IEA said. Supported by a quick vaccine […]