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Global oil market will rebalance in 2017: IEAThe global oil market will begin rebalancing in 2017 when US output declines further under pressure from low oil prices before resuming growth again later in the decade to reach an all-time high by 2021, the International Energy Agency (IEA) sai More… |
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Global oil market oversupplied says IranIran sees the global oil market as oversupplied, despite prices that have been pushed up by upheaval in the Middle East, its Opec governor was quoted as saying in a newspaper published on Saturday. 'Not only is there not a shortage of More… |
