Global oil market looks ‘bloated’ amid lackluster demand from major economies

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Oil & gas Investing See all topics Facebook Tweet Email Link Link Copied! Follow World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply from outside the group grows, the International Energy Agency said Wednesday. Supply will rise by 2.5 million barrels per day in 2025, up from 2.1 million bpd previously forecast, said the IEA, which advises industrialized countries, in a monthly report, and by a further 1.9 million bpd next

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