Oil Glut to Stay in 2016 as Demand Growth Slows
Global oil markets will remain oversupplied next year as demand growth slows and Iranian exports are poised to recover with the lifting of sanctions, the International Energy Agency said.
October 13, 2015Oil's Worst-Ever Summer Signals Price Rout Nowhere Near Done
If crude’s slump back to a six-year low looks bad, it’s even worse when you reflect that summer is supposed to be peak season for oil.
August 14, 2015IEA Sees Oil Glut Through 2016 After Reaching 17-Year High
The global oil glut will last through 2016 as the strongest demand growth in five years and faltering supply fail to clear the surplus, according to the International Energy Agency.
August 12, 2015Oil Prices May Fall Further Before Supply Fades in 2016, IEA Says
Oil prices may fall further as the world remains “massively oversupplied,” before markets tighten in 2016 when output growth outside OPEC grinds to a halt, according to the International Energy Agency.
July 10, 2015Oil Falls After Biggest Monthly Gain in Six Years
Oil declined in New York on April 30 after its biggest monthly advance since May 2009.
May 1, 2015Oil Declines From One-Week High to Near $50 a Barrel
Oil declined from a one-week high in London and New York as Iraqi production advanced to a record, compounding a global supply surplus.
January 20, 2015