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Oil market outlook uncertain due to geopolitical risks, trade tensions, IEA says

( June 17, 2025, 14:43 GMT | Official Statement) -- MLex Summary: Heightened geopolitical risks, unresolved trade tensions, and policy shifts are causing uncertainty in the outlook for the global oil market through 2030, the International Energy Agency said in a new study. Global demand is expected to peak to around 105.5 million barrels per day by the end of the decade, while supply is set to outpace it, reaching 114.7 million barrels per day, it said in the Oil 2025 study. However, with conflicts in the Middle East region at risk of intensifying and trade negotiations ongoing, uncertainties surrounding its forecasts are substantial, the IEA added. Executive summary follows, full report attached:...

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