Tag Archives: Oil supply drops as Iran sanctions bite: IEA

PARIS: The world’s oil supply fell last month, the International Energy Agency said on Wednesday, amid rising global tensions as US sanctions on Iran tightened and Opec+ members produced less crude in line with their pact. In its latest monthly report on the global oil market, the Paris-based IEA said that while geopolitics and industry disruptions were clouding the outlook …

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