New York (CNN Business) The world's appetite for oil is still growing, albeit at a slower pace. Despite the rise of electric vehicles, the International Energy Agency does not see oil demand growth plateauing through at least 2024. "There is no peak demand on the horizon," the energy watchdog said in a report published on MondayOil demand will rise by 7.1 million barrels per day by 2024, the IEA said. That would represent "modestly" slower demand growth for crude oil, which powers the world economy. China and India will account for almost half the global demand growth, the IEA said.

Source: CNN March 11, 2019 17:14 UTC