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Another year of capex cuts will set oil market up for serious supply crunch

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Total global oil production could decline for the next several years in a row as scarce new sources of supply come online.

TOTAL global oil production could decline for the next several years in a row as scarce new sources of supply come online.

According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. But the deficit will

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