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With Iran-US peace deal in sight, IEA projects oil supply surplus in 2027 | Mint
Global crude oil supply is set to fall by 3.9 million barrels per day (bpd) to 102.4 million bpd this year amid trade disruptions due to the West Asia war, before rebounding by 8 million bpd next year, the International Energy Agency (IEA) said on Wednesday.
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