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Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says

By Yahoo! Finance   |   Nov 14, 2024 at 04:30 AM EST
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says

The International Energy Agency forecasts a surplus of over 1 million barrels of oil per day in global markets next year due to weakening Chinese demand. Despite geopolitical tensions, prices have fallen 11% since October.

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