Further reduction in crude output will add to pressure on consumers, the agency said The surprise OPEC+ output cuts could aggravate an oil-supply deficit this year and threaten economic recovery, the International Energy Agency (IEA) warned on Friday. Earlier this month some of the leading producers within the group of 23 oil-exporting countries announced voluntary extra curbs of 1.16 million barrels per day starting from May until the end of 2023. The cut comes on top of the 500,000 barrels-per-day reduction in Russian output and a two-million barrels-per-day reduction in targets in effect since last November. “O
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