IEA demand numbers: The IEA on Friday released its latest monthly Oil Market Report, in which it once again revised lower its oil demand growth forecast for 2019 from 1.3MMbbls/d to 1.2MMbbls/d. Demand growth in 1Q was estimated at just 0.3MMbbls/d, whilst 2Q demand growth is estimated at 1.2MMbbls/d. For the second half of the year, the IEA expects growth to increase to 1.6MMbbls/d. These revisions follow OPEC's decision to cut its own demand growth forecasts for 2019, warning that an escalation in trade tensions is hurting demand. The IEA also released its first outlook for 2020, forecasting that oil demand will ... (full story)