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Tuesday, December 3, 2024
WorldOil market falls too big to offset with output cuts, IEA warns

Date:

Oil market falls too big to offset with output cuts, IEA warns

The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand to levels not seen in 25 years and warned no output cut by producers could fully offset the near-term falls facing the market.

 

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