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Wednesday, 16 May 2018

IEA describes Venezuela, Iran as ‘major challenge’ to rising oil price

IEA describes Venezuela, Iran as ‘major challenge’ to rising oil price

OpeOluwani Akintayo with Agency report 16 May 2018, Sweetcrude, Lagos — The International Energy Agency, IEA, in its latest monthly report Wednesday, warned that any supply cuts could cause prices to rise due to oil supply disruptions in Iran and Venezuela, describing both as ‘major challenge’. The uncertainty in Iran and drop in Venezuela have …

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