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IEA referring to its lower 2024 demand growth forecast: Weak deliveries, notably in Europe
IEA REFERRING TO ITS LOWER 2024 DEMAND GROWTH FORECAST: WEAK DELIVERIES, NOTABLY IN EUROPE SHIFTED Q1 OECD DEMAND INTO CONTRACTION.
— FinancialJuice (@financialjuice) May 15, 2024
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IEA CUTS OIL GROWTH DEMAND FORECAST FOR 2024 BY 140,000 BPD TO 1.1 MILLION BPD – MONTHLY REPORT
— FinancialJuice (@financialjuice) May 15, 2024
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IEA :EVEN IF OPEC+ VOLUNTARY PRODUCTION CUTS WERE TO STAY IN PLACE, GLOBAL OIL SUPPLY COULD JUMP BY 1.8 MILLION BPD IN 2025, COMPARED WITH 580,000 BPD INCREASE IN 2024.
— FinancialJuice (@financialjuice) May 15, 2024
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IEA: GLOBAL OIL INVENTORIES SURGED BY 34.6 MILLION BARRELS IN MARCH AS OIL ON WATER SWELLED TO FRESH POST-PANDEMIC HIGH; EARLY DATA SUGGESTS GLOBAL OIL STOCKS ROSE FURTHER IN APRIL.
— FinancialJuice (@financialjuice) May 15, 2024
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IEA SEES GLOBAL OIL DEMAND GROWING BY 1.2 MILLION BPD IN 2025, SLIGHTLY UP FROM THE PREVIOUS FORECAST.
— FinancialJuice (@financialjuice) May 15, 2024
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- Posted: May 15, 2024 4:05am
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