The International Energy Agency kept its demand growth forecast for 2016 at 1.2 million bpd and expects consumption to increase at the same pace next year, having gradually slowed from a five-year peak of 1.8 million bpd in 2015.
“This means that 2017 could be another year of relentless global supply growth similar to that seen in 2016,” the IEA said
IEA keeps its oil demand forecast
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