Category: oil supply

Oil Supply Growth to Outpace Demand Amid Iran-Israel Tensions: IEA

The International Energy Agency (IEA) released a report on the oil market medium-term outlook, where it expected structural changes in the oil market amidst the outbreak of the Israel-Iran conflict. It forecasted that global oil demand will increase by 2.5 million barrels per day (mmbl/d) between 2024 and 2030, reaching the plateau of around 105.5 […]

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