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Oil Demand Slows as World Shifts Energy | Dallas News
Published 1 day, 10 hours ago
Description
Oil demand growth is cooling globally, with the IEA projecting just 800,000 barrels per day added this year—down from 2 million last year—driven by economic slowdowns and a surge in cleaner energy adoption. While demand isn’t shrinking, it’s rebalancing as renewables and EVs take hold, forcing oil producers to adapt and potentially offering consumers more stable fuel prices down the road.
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