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IEA says oil market walking tightrope due to economic, supply risks

The estimate fell far short of producer group OPEC's estimate for the year of 3.4 million bpd growth on Tuesday

Topics
International Energy Agency | oil market | Opec oil

Reuters 



crude oil

The global is "walking a tightrope" between scarce supply and the possibility of a recession, the Energy Agency (IEA) said on Wednesday, with higher prices and worsening economic conditions already taking a toll on demand.

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First Published: Wed, July 13 2022. 15:53 IST

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