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China's Surging Appetite Drives Global Oil Demand Upward, OPEC Disputes Negative Sentiment
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China's increased interest in fossil fuels drives global oil demand up, with China contributing to the increase of 2.4 million barrels per day. OPEC disputes negative oil market sentiment, attributing falling prices to financial sector speculators. The IEA warns of higher oil prices if OPEC+ continues to restrain crude production.
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How might China's increased interest in fossil fuels impact the global energy transition?
What are the implications of OPEC disputing negative oil market sentiment?
What measures can be taken to mitigate the potential higher oil prices if OPEC+ maintains production targets?
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