IEA

IEA change of view: oil surplus will persist in 2017

The oil market will remain in a situation of oversupply until at least mid 2017. The International Energy Agency stresses in its monthly bulletin that it has thus reversed its previous forecasts. “Supply will continue to outpace demand at least through the first half of next year. As for the market’s return to balance – it looks like we may have to wait a while longer,” the IEA said in its report.

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