IEA Changes View on Oil Glut, Sees Surplus Enduring in 2017

  • Faltering Asian demand has weighed on consumption this quarter
  • Market set for fourth year of surplus as Gulf OPEC pumps more

IEA Sees Oil Oversupply Extending Into Next Year

The surplus in global oil markets will last for longer than previously thought, persisting into late 2017 as demand growth slumps and supply proves resilient, the International Energy Agency said.

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