IEA thinks oil market may be in balance
Report: Although oil demand growth has slowed a little, OPEC production cuts have proved effective as demand moves ahead of supply
The International Energy Authority in its April Oil Market Report has suggested that supply and demand have come into balance in the global oil market. Moreover, the organizationís short-term forecast actually shows demand moving ahead of supply in the second quarter of this year.....
[additional news subjects in this story]
Demand and supply
Continuation of OPEC cuts?
Indications of balance
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