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via wsj.comEconomy

IEA says oil market to return to surplus as Gulf exports recover

FROM THE WIRE · WSJ.COM

The global oil market is expected to return to a surplus in the final quarter of this year for the first time since the outbreak of the Iran war, the International Energy Agency said Friday.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA return to oil surplus after the Iran war tends to weigh on crude prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The IEA expects the oil market to return to surplus in the final quarter of this year.
  2. 02It would be the first surplus since the outbreak of the Iran war.
  3. 03The recovery of Gulf exports is the key factor cited.

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