(Bloomberg) -- Global oil demand growth will continue to weaken due to China’s economic slowdown and the rapid uptake of electric vehicles, according to the ...
-- Global oil demand growth will continue to weaken due to China ’s economic slowdown and the rapid uptake of electric vehicles, according to the International Energy Agency.Chicago Should Consider Furloughs, Higher Booze Tax, Watchdog Says
Swelling American production is set to create an oil glut in early 2025, while spare capacity in the OPEC+ alliance was near record levels, the IEA said in a report last week. The Paris-based agency added that Chinese oil consumption was down 500,000 barrels a day in August, compared with a year ago.
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