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IEA makes rare plea to oil producers Add to ...

The West's energy watchdog urged oil producers to boost supply to protect economic recovery, just weeks before an OPEC meeting which analysts say looks increasingly unlikely to increase production.

"The governing board urges action from producers that will help avoid the negative global economic consequences which a further sharp market tightening could cause, and welcomes commitments to increase supply," the International Energy Agency said in a statement on Thursday during a two-day governing board meeting.

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