Global oil inventories could rise sharply despite an agreement by OPEC and its allies to deepen output cuts, as well as lower expected production by the United States and other non-OPEC nations, the International Energy Agency (IEA), said on Thursday.

Oil market to remain oversupplied despite OPEC+ pact, says IEA

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Oil market to remain oversupplied despite OPEC+ pact, says IEA