Global oil demand recovery underway, peace in Gulf must for normalisation in crude markets: IEA
New Delhi, July 11 (IANS) A recovery in global oil demand from a low of 97.9 million barrel per day (mb/d) in May (a decline of 5.3 mb/d year-on-year) is underway and by October, the International Energy Agency (IEA) expects global demand to be up by more than 8 mb/d from the May low point, putting it above 2025 levels for the first time since February.