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Global Oil Market Moving Into Deficit – IEA

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The International Energy Agency, IEA, says the global oil market could move into deficit sooner than expected, following Organisation of Petroleum Exporting Countries, OPEC, output agreement with Russia and Canada’s decision to cut supply. The Paris-based IEA also retained its 2019 forecast for global oil demand growth of 1.4 million barrels per day, unchanged from […]

 

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