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OPEC deal won’t alter fundamental outlook for oil market —IEA

The recent decision by oil-producing countries to prolong cuts in output will not fundamentally change the outlook for a market that is heavily oversupplied, the IEA said on Friday. “The widely-anticipated decision by OPEC+ ministers to extend their output agreement to March 2020 provides guidance but it does not change the fundamental outlook of an
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Added July 12, 2019
from The Punch News