Energy watchdog says global oil prices could continue to fall from three-year lows as supply outstrips demand
The world’s demand for oil is growing at its slowest pace since the height of the Covid-19 pandemic, causing global market prices to slump to three year-lows, the International Energy Agency has said.
The global energy watchdog used its closely watched monthly report to warn the industry that oil market prices could continue to fall as the leading producers kept pumping out more crude than the world could consume.
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