Supplies outstripped demand by almost 2m barrels a day in October as market shows ātentative signs of rebalancingā
The worldās oil supply is swinging back to a surplus for the first time since the start of the US-Israeli war against Iran, the International Energy Agency (IEA) has said.
Oil supplies outstripped demand by almost 2m barrels a day in October, the Paris-based agency said, as āGulf exports recovered much faster than global oil demandā.
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