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Wednesday 9 July 2025
Last Updated : GMT 09:40:38
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producers to cut output

IEA: Oil pact could quickly sop up market glut

Themuslimchronicle, themuslimchronicleIEA: Oil pact could quickly sop up market glut222230/90
Paris - Arab Today
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 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 analyzes energy marketsRead more

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