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Tag: oilsupply

IEA Demand OIl

IEA: Lower Demand Changes Everything For Oil Markets

Posted on May 15, 2022 by mangakiko

Two months ago, the International Energy Agency sounded an alarm about global crude oil supply, predicting that Western sanctions on Russia would remove as much as 3 million barrels daily from the global oil market. Now, it has changed its mind. In its latest Monthly Oil Market Report, the IEA said that slowing demand growth…

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