IEA: supply cuts and outages decrease oil production forecast

By _Offshore_Energy_Today_ Unexpected outages in OPEC and non-OPEC countries have cut global oil supply by nearly 0.8 mbpd in May, dampening global production forecasts, said the International Energy Agency (IEA) on Tuesday, in its monthly Oil Market Report (OMR), a publication which provides a view of the state of the international oil market. IEA’s OMR June report […]

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