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China's Surge in Oil Demand and OPEC's Dispute: IEA Warns of Higher Oil Prices
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China's increased interest in fossil fuels and the lack of disruption in supply flows have driven global oil demand upward, according to the International Energy Agency (IEA). 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 this year if the OPEC+ alliance continues to restrain crude production.
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How can China's surge in oil demand be managed to prevent further environmental concerns?
What actions can OPEC take to address the IEA's warning about higher oil prices?
What are the potential implications of the OPEC+ alliance's production targets on global energy markets?
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