OPEC

Iran Deal To Pressure Prices Through 2016

Both Opec and the International Energy Agency (IEA) see little chance of a tightening world oil market in the remaining six months of this year, as sluggish world oil demand continues to lag behind surging supply from Opec and non-Opec countries alike. But while an expected stalling of North American output growth through 2016 should go some way towards easing the current oversupply in the market, much depends on Opec, the IEA argues: if its...