IEA Says Oil Price May Have Bottomed as High-Cost Producers Cut

  • Non-OPEC supply will decline 750,000 b/d as U.S. falters
  • OPEC-Russia output freeze to have little impact in first half

IEA: Oil Price May Have Bottomed

Oil prices may have passed their lowest point as shrinking supplies outside OPEC and disruptions inside the group erode the global surplus, the International Energy Agency said.

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