Global oil demand continues to slow amid EV boom and economic headwinds: IEA

RIYADH: World oil demand decelerated in the second quarter, with growth easing to 710,000 barrels per day year-on-year, driven by rising adoption of electric vehicles and economic headwinds, an analysis showed. 

In its latest report, the International Energy Agency said that demand growth in the second quarter was also the slowest increase since the fourth quarter of 2022. …
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