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International Energy Agency

IEA says oil market to remain oversupplied until late 2016

As oversupply, mild temperatures and grim economic news check growth demand, non-OPEC output falls year-on-year for first time since 2012 Exceptionally mild temperatures in the early part of the winter in Japan, Europe and the United States – alongside weak economic sentiment in China, Brazil, Russia and other commodity-dependent economies – saw global oil demand […]

Posted in Crude oil prices, International Energy Agency | Comments Off on IEA says oil market to remain oversupplied until late 2016