OPEC Deal to Create Oil-Supply Deficit Next Half, IEA Says

Updated on
  • Stockpiles to shrink by 600,000 barrels a day as producers cut
  • Russia to gradually implement the reduction pledged on Dec. 10

IEA Sees OPEC Deal Causing Oil-Supply Deficit in 2017

Global oil markets will swing from surplus to deficit in the first half of 2017 as OPEC and other producers follow through on an agreement to cut supply, according to the International Energy Agency.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.