IEA sees oil market oversupplied in 2019 on U.S. production

London — Surging U.S. oil output will outpace sluggish global demand and lead to a large stocks build around the world in the next nine months, the International Energy Agency (IEA) said on Friday. The forecasts appear to predict the need for producer club OPEC and its allies to reduce production to balance the market despite […] More »