Balanced oil markets in 2018 if OPEC producers hold their nerve-IEA

摘要

LONDON (ICIS)--The Paris-headquartered International Energy Agency (IEA) sees roughly balanced oil markets next year if OPEC production remains unchanged and weather conditions remain normal, it said on Thursday. It is looking to a stock build of 800,000 bbl/day in the first quarter of 2018. “Taking 2018 as a whole, oil demand and non-OPEC production will grow by roughly the same volume and it is this current outlook that might act as the ceiling for aspirations of higher oil prices,” it said in its latest monthly Oil Market Report.