OPEC output cut may hasten oil market re-balance, says IEA

25 October 2016, Lagos – The oversupplied oil market will be re-balanced earlier than expected if major crude producers implement a deal to cap output when they meet next month, the International Energy Agency chief said Tuesday. Under current conditions, the IEA expects global output to exceed demand until the second half of 2017, Fatih Birol told […] More »