'Global oil demand growth is slowing sharply': IEA credits 'surging EV sales' for weakening oil demand

James Murray
clock • 5 min read
'Global oil demand growth is slowing sharply': IEA credits 'surging EV sales' for weakening oil demand

Latest monthly update reveals how China's EV and rail boom is eating into global fossil fuel demand and dampening oil prices

Oil prices have fallen sharply in recent months on the back of slower than expected demand growth, and the trend is expected to continue as the global roll out of clean technologies continues to accelerate....

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