IEA Welcomes Return of Oil Surplus After OPEC Output Surge
A support vessel flying an Iranian national flag sails alongside an oil tanker as it prepares to transport crude oil to export markets in Bandar Abbas, Iran. (Photographer: Ali Mohammadi/Bloomberg)

IEA Welcomes Return of Oil Surplus After OPEC Output Surge

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(Bloomberg) -- The International Energy Agency welcomed the oil market’s return to surplus as OPEC’s production surge swells global stockpiles and drives prices into a bear market.
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