IEA: Oil demand growth estimates for 2020 unchanged at 1.2mln bpd

In its January month oil market report, the International Energy Agency (IEA) offers the following projections while warning that the Mid East crisis is far from over.

Key Highlights:

Iraq oil supply potentially vulnerable amid rising political risks in the region.

US-Iran tensions and Iraqi protests had only minimal impact on oil operations.

But fragile situation may limit Iraq's plans to expand oil production capacity.

That may make it difficult for global industry to meet rising long-term demand.