22
May
May
Oil Demand Slows Even As Supply Surges, IEA Warns Of Looming Global Glut
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BW Online Bureau / 2 months
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- 3 min read
Growth slumps to 650 kb/d for remainder of 2025; record EV sales, OECD contraction drive down demand The global oil market may be heading into oversupply territory as demand growth weakens and producers ramp up output, according to the International Energy Agency’s (IEA) latest May Oil Market Report. The agency forecasts that global oil demand […]
