Oil market to be in supply deficit amid Opec+ production cuts
Global oil stocks will drop by 700,000 barrels per day in the second half of 2024
Adnoc Drilling awarded $733m contract for three island rigs
Additions will increase company's rig count to 148 by 2026
Middle East heat takes toll on energy supply in summer
The world has just experienced the hottest May on record, and record temperatures over the northern hemisphere summer are expected
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