OPEC/SUPPLY DEMAND
IEA Predicts Bleaker Days Ahead For OPEC
Tight oil fundamentals look set to loosen over the coming five years, predicts OECD energy watchdog, the International Energy Agency (IEA) in its Medium-Term Oil Market Report (MTOMR), published on 12 October. But the same weaker global oil demand growth and strong non-OPEC supply projections that are poised to ease consumer concerns will likely pose a stiff challenge for OPEC producers.
Compared to last...
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