OPEC+ cuts to tighten oil market sharply in fourth quarter, IEA says

OPEC+ cuts to tighten oil market sharply in fourth quarter, IEA says

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Oil output cuts which Saudi Arabia and Russia have extended to the end of 2023 will mean a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on Wednesday, as it largely stuck by its estimates for demand growth this year and next. OPEC and its allies,…

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