Global oil demand growth slowing

Global oil demand growth slowing – IEA

By Agence France-Presse

Aug 15, 2024 12:16 am

PARIS — Global oil demand growth slowed in the second quarter of the year, primarily due to softer construction and industrial activity in China, the International Energy Agency (IEA) said on Tuesday.

'Demand is set to rise by less than 1 mbd (million barrels per day) in both 2024 and 2025,' said the IEA in its monthly oil report.

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