Paris, France:Â The August 2024 Oil Market Report by the International Energy Agency (IEA) highlights the recent volatility in global oil markets. Despite a decrease in global oil demand growth, largely due to economic challenges in China, the market remains tight due to geopolitical tensions and OPEC+ production strategies. The report also discusses the impact of these factors on oil prices, which saw significant fluctuations in July and early August.
Link: https://www.iea.org/reports/oil-market-report-august-2024
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