World's Oil Cushion Could Be Stretched To The Limit, IEA Warns



World's Oil Cushion Could Be Stretched To The Limit, IEA Warns
The world's oil supply cushion could be stretched to the limit due to prolonged outages, supporting prices and threatening demand growth, the International Energy Agency says.

Iranian crude exports to Europe dropped by nearly 50 percent in June, the IEA said, as refiners gradually wind down purchases before U.S. sanctions take effect in November.

(Reporting by Ron Bousso; Editing by Dale Hudson)


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