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IEA trims oil-demand outlook for 2025, sees supplies rising further next year

By MarketWatch   |   Jul 11, 2024 at 05:53 AM EST
IEA trims oil-demand outlook for 2025, sees supplies rising further next year

The IEA has adjusted its oil demand forecast due to increased supplies. Oil demand is expected to rise to 970,000 b/d in 2024, but drop to 980,000 b/d in 2025. China's oil consumption declined, impacting global demand.

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