In its monthly oil market report, the International Energy Agency lowers the 2024 global oil demand growthWorld oil demand hit a record 103 million bpd in June and August could see yet another peak.Global oil supply plunged by 910,000 bpd July in part due to sharp reduction in saudi output.If OPEC+ current targets are maintained, oil inventories could draw by 2.2 mbpd in Q3 and 1.2 mbpd in Q4, with a risk of driving prices still higher.
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