Global demand for oil this year is on track to rise to a record 101.9m barrels per day as China leads an economic surge among developing nations, the world’s leading energy body has forecast. The International Energy Agency’s predicted daily average for 2023 is 2m bpd higher than last year’s figure. The price of a barrel of oil rose from $85.62 (£68.44) to $86.10 on Friday morning after the IEA’s report was published. The agency warned that a recent decision by the world’s biggest oil exporters to cut their production…