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China's Surge in Fossil Fuel Demand Drives Global Oil Demand Upward
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Overview
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China's increased interest in fossil fuels and the lack of disruption in supply flows due to the Israel-Hamas conflict are driving global oil demand upward. OPEC disputes negative oil market sentiment, citing strong fundamentals and stable demand growth projections. The IEA warns of the risk of even higher oil prices if OPEC+ continues to restrain crude production.
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How might China's increased interest in fossil fuels impact its energy transition efforts?
What are the potential implications of even higher oil prices for global economies?
What factors contribute to the strong fundamentals and stable demand growth in the oil market?
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