Energy crisis boosts oil demand: IEA

PARIS, France (AFP) — Shortages of natural gas and coal have triggered a switch to oil, boosting demand for crude and fuelling a rise in prices, the International Energy Agency said Thursday. The IEA, which advises governments on energy policy, said it now expects global oil demand for this year and 2022 to be higher than in its previous forecast. “Oil prices are scaling multi-year highs as a shortage of natural gas, LNG (liquefied natural […]