Energy
There Are Signs a Stronger China Rebound Will Boost Oil: IEA
- Some first indications point to better growth: Fatih Birol
- OPEC+ has been wary over adding output on uncertain demand
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China’s economy could be poised for a stronger-than-anticipated rebound that’ll deliver a demand boost for oil and natural gas, according to the head of the International Energy Agency.
There are some “first indications” from China that growth will accelerate faster than previous expectations and the nation is projected to deliver around half of a forecast increase in global oil demand of almost 2 million barrels a day this year, IEA Executive Director Fatih Birol said in an interview.