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OPEC+ cartel's grip on oil market loosening: IEA
OPEC+ cartel's grip on oil market loosening: IEA
Economy
by  AFP

Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up prices, the IEA said on Thursday. "The continued rise in output and slowing demand growth will complicate efforts by key producers to defend their market share and maintain elevated oil prices," the International Energy Agency said in its monthly report on the oil market.