OPEC Turmoil Could Turn IEA’s Balanced Market Into Shortfall

  • IEA’s 2017 outlook relies on 650,000 b/d more OPEC production
  • Stockpiles could start to shrink without supply boost

Crude Oil Gets Left Behind From Risk Off Rally

The world’s most prominent oil forecaster, the International Energy Agency, anticipates near-equilibrium between supply and demand in global crude markets next year. If OPEC members can’t resolve some massive output disruptions, that will turn into a significant shortfall.

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