IEA: Rebalancing would be ‘here to stay’ if producers maintain resolve

Global oil stocks fell by 500,000 b/d and preliminary data for July, particularly in the US where stocks fell by 790,000 b/d, is supportive of rebalancing supplies with demand, according to the most recent Oil Market Report from the International Energy Agency.

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Source:: Oil Gas Journal

      

IEA: Rebalancing would be ‘here to stay’ if producers maintain resolve

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