EIA says supply, demand to be in balance
View from IEA that even with OPEC cuts, oil market in ‘wait-and-see mode’; EIA forecasts Brent average of $55 per barrel this year
The U.S. Energy Information Administration said Feb. 7 in its Short-Term Energy Outlook that it expects the oil market to be relatively balanced this year and next.
“Global oil supply and demand is now expected to be largely in balance during 2017 as the gradual increase in world oil inventories th....
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