"IEA Forecasts Ongoing Oil Supply Deficit Amidst OPEC+ Cuts and Rising Demand"
TL;DR Summary
The International Energy Agency predicts a supply deficit in global oil markets through 2024 if OPEC+ maintains production cuts, with Saudi Arabia and its partners extending curbs on roughly 2 million barrels per day until mid-2024, potentially balancing oil markets.
- Oil Markets Face Supply Deficit All Year on OPEC+ Cuts, IEA Says Bloomberg
- U.S. crude rises above $80 as oil supply deficit forecast for 2024 CNBC
- IEA Sees OPEC Cuts Pushing Oil Markets Into a Supply Deficit OilPrice.com
- IEA raises oil demand outlook again but still lags OPEC Yahoo Finance
- Global oil demand to grow amid Red Sea shipping disruptions: IEA Al Jazeera English
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