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World oil market is returning to surplus as Gulf exports recover, says IEA

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World oil market is returning to surplus as Gulf exports recover, says IEA
Photo / Coverage: Business Standard - LatestCredit: Reuters
EXECUTIVE SUMMARY

Rising Middle East supplies and subdued demand are expected to push global oil production 1.7 million barrels per day above consumption in the fourth quarter

Key Takeaways

  • World oil market is returning to surplus as Gulf exports recover, says IEA.

Rising Middle East supplies and subdued demand are expected to push global oil production 1.7 million barrels per day above consumption in the fourth quarter

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Published originally on Business Standard - Latest

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OTHER MEDIA SOURCES COVERING THIS STORY
2 Publishers Reporting
The Globe and Mail - Business
Global oil market heading for surplus as Gulf exports recover, IEA says

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