OPEC Turmoil Could Turn IEA’s Balanced Market Into ShortfallBy , , and
IEA’s 2017 outlook relies on 650,000 b/d more OPEC production
Stockpiles could start to shrink without supply boost
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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