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Oil Prices Move Higher As OPEC And The IEA Forecast Demand Growth

Oil prices moved higher on Tuesday as both OPEC and the IEA released reports pointing to strengthening global oil demand growth.Chart of the Week- Two weeks before the start of the COP28 summit in the United Arab Emirates, market watchers are bracing for tough talks as even the creation of a World Bank-led climate disaster fund turned out to be too difficult for participating states.

 - In the Middle East itself, the energy transition is a distant dream as a mere 1% of power generation in Saudi Arabia, Qatar, or Oman comes from renewable sources.…

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