IEA Sees Risk of World Drowning in Oil

  • Iran could restore 600,000 barrels a day of output by mid-year
  • Agency cuts 2016 global demand outlook, raises non-OPEC supply

Oil Under $28: Counting the Cost

Global oil markets could “drown in oversupply,” sending prices even lower as demand growth slows and Iran revives exports with the end of sanctions, according to the International Energy Agency.

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