OIL MARKET: @IEA ups with forecast for global oil demand to 1.2m b/d in 2024 (it was 1.1m b/d last month, and 0.9m b/d before that). BUT -- and this is key -- it also ups its forecast for non-OPEC+ oil supply to 1.5m b/d, leaving the market quite well supplied this year | #OOTT

— Javier Blas (@JavierBlas) January 18, 2024