IEA lifts oil supply forecast amid OPEC moves
Edited By WION Video Desk
Published: Jul 12, 2025, 11:15 IST | Updated: Jul 12, 2025, 11:15 IST
The global oil market is entering a new phase of volatility. The International Energy Agency has raised its 2025 supply growth forecast by three hundred thousand barrels per day. This comes after OPEC announced a surprise move to unwind voluntary production cuts earlier than planned.
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