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International Energy Agency predicts oil supply surplus in 2025

World News

2024-11-14 | 04:15

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International Energy Agency predicts oil supply surplus in 2025

In its monthly report released on Thursday, the International Energy Agency (IEA) stated that global oil demand will be more than one million barrels per day below supply in 2025, even if the current OPEC+ production cuts remain in effect.

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