US EditionThe global oil supply is growing faster than expected
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The global oil supply is growing faster than expected
Global oil supply is set to rise three times faster than demand this year, The Wall Street Journal reports. That’s according to the International Energy Agency’s latest monthly report, which notes seasonal factors are keeping the market tight in the short term. The agency expects oil supply to grow by 2.1 million barrels a day this year and 1.3 million the next, above earlier estimates of 1.8 million and 1.1 million barrels a day, respectively.…
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