IEA: Market rebalancing at risk from US output

Delicate balance: for oil market

Falling production from the US shale play is set to lead to a rebalancing of the oversupplied oil market next year but a short-term price rebound will be dampened by resilient US output and fresh crude supplies from Iran, according to the International Energy Agency (IEA).

Newsletter signup

User

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login