IEA slashes oil demand growth forecast as trade wars escalate
Photo caption: IEA logo *The IEA cut its 2025 oil demand growth forecast by 300,000 bpd. *Escalating trade tensions are negatively impacting the global
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Oil has been the world’s most important source of energy since mid-1950s. Its products underpin modern society, supplying energy to power industry, heat homes, fuels for vehicles and various means of transportation to carry goods and people all over the world.
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