*OIL PLUNGES OVER 4% AS INTEREST RATE HIKES FUEL RECESSION FEARS $CL_F OOTT
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Oil demand for transportation projected to peak in 2025, hastening arrival of 'peak oil'The International Energy Agency is forecasting that the transportation sector, the oil industry's largest market, will begin shrinking its demand for gasoline in just three years due to climate change policy and the rise of electric vehicles.
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Crude Oil Forecast: Shows Signs of Consolidation Amid CrosswWTI Crude Oil (US Oil) and Brent markets experienced further rallies during Wednesday\u0027s trading session.
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Oil dips with interest rates and inventories in focusOil futures dipped slightly on Thursday, with trader expectations of further interest rate hikes countered by potentially bullish U.S. oil inventory data after preliminary figures showed a fall in stocks.
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Canada's oil output would plummet by 2050 in a net-zero world, new modelling showsTuesday\u0027s report marks the first time the regulator has presented a long\u002Dterm outlook for Canadian energy using net\u002Dzero as a baseline.
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China is now importing more Russian oil than ever beforeChina is now importing more Russian oil than ever before - and Europe has almost entirely stopped buying crude from Moscow
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Oil extends declines on China growth woes, firmer dollarOil prices weakened on Wednesday, extending falls to a third straight day, as the dollar strengthened on a U.S. housing market recovery.
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