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"IEA Forecasts Ongoing Oil Supply Deficit Amidst OPEC+ Cuts and Rising Demand"

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Source: Bloomberg
"IEA Forecasts Ongoing Oil Supply Deficit Amidst OPEC+ Cuts and Rising Demand"
Photo: Bloomberg
TL;DR

The International Energy Agency predicts a supply deficit in global oil markets through 2024 if OPEC+ maintains production cuts, with Saudi Arabia and its partners extending curbs on roughly 2 million barrels per day until mid-2024, potentially balancing oil markets.

Topics:businessenergy-markets#energy-markets#iea#oil#opec#production-cuts#supply-deficit
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  1. Oil Markets Face Supply Deficit All Year on OPEC+ Cuts, IEA Says  Bloomberg
  2. U.S. crude rises above $80 as oil supply deficit forecast for 2024  CNBC
  3. IEA Sees OPEC Cuts Pushing Oil Markets Into a Supply Deficit  OilPrice.com
  4. IEA raises oil demand outlook again but still lags OPEC  Yahoo Finance
  5. Global oil demand to grow amid Red Sea shipping disruptions: IEA  Al Jazeera English

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