Oil market balance may be closer than thought: EIA

摘要

Washington—The world will continue to produce more oil than it consumes, but a global market balance may be closer than initially forecast, US Energy Information Administration data showed Tuesday. The US and rest of the world will produce more crude oil than predicted as global demand in 2017 is now forecast to climb almost 900,000 b/d more than forecast earlier this year, EIA said in its November Short-Term Energy Outlook.