Little room for oil price hike, IEA says

摘要

A significant rise in oil prices is unlikely soon because a global surplus will probably be even bigger than forecast a month ago, the IEA says. “On the assumption - perhaps optimistic - that Opec crude production is flat at 32.7mn b/d in the first quarter, there is an implied stockbuild of 2mn b/d followed by a 1.5mn b/d build in the second quarter,” it says in its latest Oil Market Report (OMR).