IEA - page 2

EghtesadOnline: 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.

EghtesadOnline: Saudi Arabia has retaken the position of the world’s top oil producer from the U.S., according to the International Energy Agency.

EghtesadOnline: Global oil markets will continue to re-balance this year as a pick-up in demand from refiners absorbs record output from several Persian Gulf producers, the International Energy Agency predicted.