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OPEC output cut may hasten oil market re-balance, says IEA

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OPEC output cut may hasten oil market re-balance, says IEA
25 October 2016, Lagos – The oversupplied oil market will be re-balanced earlier than expected if major crude producers implement a deal to cap output when they meet next month, the International Energy Agency chief said Tuesday. Under current conditions, the IEA expects global output to exceed demand until the second half of 2017, Fatih Birol told […] More »
OPEC output cut may hasten oil market re-balance, says IEA OPEC output cut may hasten oil market re-balance, says IEA Reviewed by Crude Oil Facilitators on 15:50 Rating: 5

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