Global demand for oil is finally close to outstripping supply after nearly three years of surplus…
Tag: IEA
OPEC oil output to drop in January – IEA
Steeper cuts in OPEC oil production are likely this month as producers increasingly implement a recent…
Oil prices slip as OPEC, IEA data underscores crude glut
Oil prices slipped on Friday as the market refocused on a persistent supply overhang that is…
IEA sees global oil glut in 2017 if no OPEC cut
The oil market surplus may run into a third year in 2017 without an output cut…
Global oil glut set to last till mid-2017 – IEA
A global oil glut that has hurt producers but means cheaper pump prices look set to…