IEA: Oil demand growth continues to slow

The International Energy Agency (IEA) reported a slowdown in oil demand growth, attributing it to factors like consumption contraction in China, global economic moderation, and efficiency measures. The report forecasts growth in world oil demand and supply, with oil prices experiencing a solid recovery due to geopolitical risks and market conditions. Higher consumption is expected during the summer in the Northern Hemisphere.

Source:

https://www.energynomics.ro/en/iea-oil-demand-growth-continues-to-slow/

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