IEA Sees Oil Supply Outside OPEC Falling by Most Since 1992

Updated on
  • U.S. shale output to shrink by 400,000 barrels a day in 2016
  • Saudi defense of market share is having `intended effect'

Does U.S. Economy View Cheap Oil as Doom or Boom?

Oil supplies outside OPEC will decline next year by the most in more than two decades as the price rout curbs U.S. shale output, according to the International Energy Agency.

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