Question.5161 - Week 5 DiscussionReview the latest IEA (International Energy Agency) market report https://www.iea.org/reports/oil-market-report-july-2024Links to an external site. and use the concepts of Supply and Demand you studied in Chapter 4 to explain the noted changes in the world oil market.
Answer Below:
The xxxx IEA xxx Market xxxxxx highlights x slowdown xx global xxx demand xxxxxx by xxxxxxxxx Chinese xxxxxxxxxxx and xxxxxxxx headwinds xxxx as xxxxxxx electrification xxx increased xxxxxxxxxxxx From x supply xxx demand xxxxxxxxxxx demand xx softening xx economic xxxxxx stagnates xxxxxxxx pressure xx supply xxxxxxxxx global xxx supply xxxxxxxxx due xx higher xxxxxx from xxxxxxxx countries xxx weaker xxxxxx is xxxxxxx oil xxxxxx from xxxxxxx despite xxxxxxxxxxxx tensions xxx supply xxxx by xxxx These xxxxxxx reflect xxxxxx shifts xxxxxxxxxx to xxxxxxxxxxx demand xxxxxxMore Articles From Economics 2 Sec A01 (20250)
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