IEA Sees OPEC Market-Share Growth in 2020 as Rivals Stagnate

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  • Spending cuts will eventually halt non-OPEC oil output growth
  • OPEC to account for 44% of global supply by 2025, agency says

OPEC’s share of the global oil market will expand from 2020 as prices recover to $80 and supply outside the group stagnates following spending cuts, according to the International Energy Agency.

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