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Oil demand growth set to slow sharply as peak nears

by Wendy

Oil demand growth will slow sharply as the peak approaches. The International Energy Agency (IEA) expects oil demand growth to start slowing as soon as 2024, falling to 860,000 bpd. Oil demand will grow by a further 1 million bpd to 2025, after which the rate of growth will start to slow significantly.

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