 "oil")
Global oil output hit a record of 100 million barrels per day in August, but the market may tighten and prices rise as exports from Iran and Venezuela decline, the International Energy Agency said Thursday.
“We are entering a very crucial period for the oil market,” the IEA said in its latest monthly report. “Things are tightening up.” The global record came as output from the Organization of the Petroleum Exporting Countries rose to a nine-month high of over 32 million barrels per day (mb/d).
The cartel had agreed in Vienna in June to push up production in
“We are entering a very crucial period for the oil market,” the IEA said in its latest monthly report. “Things are tightening up.” The global record came as output from the Organization of the Petroleum Exporting Countries rose to a nine-month high of over 32 million barrels per day (mb/d).
The cartel had agreed in Vienna in June to push up production in
