Raises 2024 global oil demand growth forecast to 930,000 bpd (prev. 880,000 bpd).

Lifts 2023 global oil demand growth forecast to 2.4 mln bpd (prev. 2.3 mbpd).

Saudi-Russia cuts set to keep oil market in a significant deficit through year-end.

With oil demand growth set to slow, the market could shift into surplus at the start of 2024.

Chinese oil demand rose to record high of 17.1 mln bpd in Sept.

There has been no material impact on oil supply flows from the Israel-Hamas war.

Russian oil exports eased by 70,000 bpd in Oct to 7.5 mbpd.