China
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The International Energy Agency expects global oil supply to exceed demand in 2025 even if OPEC+ output cuts remain in place
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OPEC has lowered its 2024 oil demand growth forecast to below 2 million bpd, while the IEA projects even lower demand growth at under 1 million bpd
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The dollar gained 0.08 percent to 105.08 on Monday after marking significant gains following the U.S. Presidential election
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