A new report from the International Energy Agency predicts the growth in demand for oil is going to slow down before reaching a peak of about 106 million barrels a day by 2030.
According to the agency"such a massive cushion could upend the current OPEC-plus market management strategy aimed at supporting prices." "Keep in mind that much of the relationship between the price of oil and gasoline is not just the price of oil itself but also refining capacity here in the United States," De Haan said.
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