MOSCOW Oil markets will begin to tighten in the second half of 2016 but at a slow pace as global demand growth declines and non-OPEC supplies rebound, the International Energy Agency said on Thursday.
The IEA, in its monthly report, forecast a healthy draw in global oil stocks in the next few months that would help ease a glut that has persisted since 2014 on the back of rising OPEC and non-OPEC supply.
16:49 Brent Oil Jumps to Highest in More Than a Year After OPEC Accord18
03:17 Yankees Have Their Limits in Pursuing a Closer, Brian Cashman Says11
06:12 New Zealand’s Prime Minister, John Key, Says He Will Step Down12
14:07 Study: Believing in Santa Claus could be damaging to children17