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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Oil Demand Growth Slowing, China Consumption Dips: IEA

IEA Oil China Energy Policy Paris
Oil prices extended gains on geopolitical concerns and ahead of a meeting of major producers (Credit: AFP)

The International Energy Agency trimmed its forecasts Thursday as it said world oil demand growth continues to slow and consumption in China dipped.

The Paris-based body that advises industrial nations on energy policy said oil demand increased by just 710,000 barrels per day in the second quarter, the slowest rate in over a year.

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