Oil rises as IEA hikes 2022 demand growth forecast
“Natural gas and electricity prices have soared to new records, incentivising gas-to-oil https://www.reuters.com/article/iea-oil-idAFL8N2ZN2J8 switching in some countries,” the Paris-based agency said in its monthly oil report, in which it raised its outlook for 2022 demand by 380,000 barrels per day (bpd).
