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Global oil supply glut to 'shrink dramatically' this year: IEA

Global oil supply glut to 'shrink dramatically' this year: IEA

Thu, May 12, 2016

A global oil glut that has sent prices tumbling is set to "shrink dramatically" later this year, as wildfires have disrupted Canada`s output and demand in India soars, the International Energy Agency (IEA) said Thursday.

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