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Crude markets face substantial 2025 surplus as China demand falters – IEA

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Global crude supply growth is likely to outstrip demand by over a million barrels/day in 2025, the International Energy Agency (IEA) said on Thursday, with the “marked” slowdown in China consumption the main drag on consumption this year. Oil demand is expected to tick up modestly year on year in 2025 to just under a ...

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