Oil pact could quickly sop up market glut
A pact by leading producers to cut output could quickly
Paris - Arab Today
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A pact by leading producers to cut output could quickly begin sopping up the glut on the oil market that has weighed on prices, the IEA said Tuesday as it also hiked its demand forecast. The agreements, if implemented, would "hasten the market’s return to balance by working off the inventory overhang," said the International Energy Agency, which analyses energy markets for major oil consuming nations. |
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