Energy agency lowers world oil demand forecast for the year
World3 sources2 countries🔦 Under-reported45m ago
The International Energy Agency has lowered its world oil demand forecast for the year. According to the agency's report released on Wednesday, global oil demand is predicted to drop by 2.5 million.
The downward revision is attributed to the ongoing war in Iran. This conflict has resulted in escalating fuel prices, limited oil supplies, and a deteriorating economic outlook.
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WPLG Local 10 (Miami, US)Provides specific quantitative data regarding the predicted drop in global demand.
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