IEA Sees Oil Oversupply Almost Gone in Second Half on Shale Drop

  • Surplus to dwindle to 200,000 barrels a day from 1.5 million
  • Iran's return to global market impeded by financial obstacles

The Difficulty of Determining an Oil Price Regime

Global oil markets will “move close to balance” in the second half of the year as lower prices take their toll on production outside OPEC, the International Energy Agency said.

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