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Global Oil Market Faces Surplus Supply Despite Potential Cuts
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Overview
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Global oil market expected to see surplus supply in 2024 despite potential cuts by OPEC+. Oil prices continue to fall due to concerns about demand and possible surplus. OPEC+ considers deeper supply cuts at upcoming meeting.
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How might the surplus supply impact oil prices in 2024?
What are the potential implications of OPEC+ deepening supply cuts?
What factors are contributing to the concerns about demand and possible surplus?
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