Source: International Business Times
In its latest Oil Market Report, released Wednesday, the Paris-based agency said global oil demand growth has weakened substantially from the optimistic forecasts it published at the start of the year. Mario Tama/Getty Images The International Energy Agency (IEA) has sharply downgraded its outlook for global oil demand this year after the oil supply shock caused by the Iran war caused a sudden decrease in the demand for crude. In its latest Oil Market Report, released Wednesday, the Paris-based agency said global oil demand growth has weakened substantially from the optimistic forecasts it published at the start of the year.
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