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IEA: Oil output will struggle to keep up with demand in 2023

This will entail a greater imbalance between supply and demand thus higher prices, according to the agency.

Photo: Eric Gay/AP/Ritzau Scanpix

Global oil production will have trouble keeping up with rising demand next year, says the International Energy Agency (IEA).

This will entail a greater imbalance between supply and demand and thus higher prices, the agency assesses, according to Bloomberg News.

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