Decline in oil output in Middle East amounts to 8.3 mbd in June — US Department of Energy
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The US Department of Energy reports an 8.3 million barrels per day decline in Middle East oil output for June. Despite expectations of increased production and exports in the coming months, restoring global oil stocks will take time due to current significant depletion.
Despite the projected rise in oil production and exports from the Middle East in the coming months, it will take time to replenish significantly depleted global oil stocks
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