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Global oil supply to fall to 9-year-low in May as OPEC+ deal takes effect - IEA

Global oil supply to fall to 9-year-low in May as OPEC+ deal takes effect - IEA

May 14, 2020, at 05:11 pm

Moscow/ Sputnik: Global oil supply will fall in May to a nine-year-low of 88 million barrels per day, as the new OPEC+ oil production cuts deal will take effect, the International Energy Agency (IEA) said on Thursday.