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Stronger-than-expected oil demand growth may be tilting the
market to rebalancing, but confidence in any sustained rebalancing
is suppressed on the back of OPEC and non-OPEC producers’ signals
of weakening resolve, the International Energy Agency (IEA) said in
its August report on Friday. Together, the 22 signatories to the
oil output cut deal are producing about 470,000 bpd above the
combined level they have committed to keep, according to the IEA,
so promises of increased demand and reaffirmations of signatories
to the production cuts are…
market to rebalancing, but confidence in any sustained rebalancing
is suppressed on the back of OPEC and non-OPEC producers’ signals
of weakening resolve, the International Energy Agency (IEA) said in
its August report on Friday. Together, the 22 signatories to the
oil output cut deal are producing about 470,000 bpd above the
combined level they have committed to keep, according to the IEA,
so promises of increased demand and reaffirmations of signatories
to the production cuts are…
Stronger-than-expected oil demand growth may be tilting the
market to rebalancing, but confidence in any sustained rebalancing
is suppressed on the back of OPEC and non-OPEC producers’ signals
of weakening resolve, the International Energy Agency (IEA) said in
its August report on Friday. Together, the 22 signatories to the
oil output cut deal are producing about 470,000 bpd above the
combined level they have committed to keep, according to the IEA,
so promises of increased demand and reaffirmations of signatories
to the production cuts are…
market to rebalancing, but confidence in any sustained rebalancing
is suppressed on the back of OPEC and non-OPEC producers’ signals
of weakening resolve, the International Energy Agency (IEA) said in
its August report on Friday. Together, the 22 signatories to the
oil output cut deal are producing about 470,000 bpd above the
combined level they have committed to keep, according to the IEA,
so promises of increased demand and reaffirmations of signatories
to the production cuts are…