GROZNY, Russia, July 15 (Reuters) - Russian Deputy Prime Minister Alexander Novak said on Monday that the global oil market will be balanced in the second half of the year and after that thanks to the OPEC+ deal on production supply.
The U.S. Energy Information Administration said last week that world oil demand will exceed output by around 750,000 barrels per day in the second half of 2024 due to lower OPEC+ output, which is deepening the supply deficit through the rest of this year. (Reporting by Olesya Astakhova; writing by Vladimir Soldatkin; Editing by Louise Heavens)
