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IEA: OPEC Deal Unlikely, Oil Glut to Continue

The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coordinates energy policies of industrialised countries, said that

WP_Post Object ( [ID] => 105013 [post_author] => 15 [post_date] => 2016-02-09 16:30:16 [post_date_gmt] => 2016-02-09 16:30:16 [post_content] =>

The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coordinates energy policies of industrialised countries, said that

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