Oil prices have not passed their lowest point as shrinking supplies outside OPEC and disruptions inside the group will not the erode global surplus, the International Energy Agency said.

Production outside the Organization of Petroleum Exporting Countries will increase by 450,000 barrels a day this year, or 70,000 barrels a day more than estimated last month, the agency said. Markets are also being supported by output losses in Iraq and Nigeria, and as Iran restores production to a faster pace than planned following the end of international sanctions.

No comments:


Please note these details may be subject to change THE NEWEST NATION IN EUROPE… PORTAXLAND This European Nation has so many t...