IEA: Excess oil inventories will persist into 2018

Assuming stable oil production from the Organization of Petroleum Exporting Countries, oil demand should outpace oil supply in this year’s second half, but excess inventories will persist into 2018, according to forecasts made by the International Energy Agency in its latest monthly Oil Market Report.

Content Dam Ogj Online Articles 2017 06 June Iea Omr Supply Demand Balance
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