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- IEA says U.S. oil output will soon overtake Saudi Arabia’s; by year-end may top Russia’s
IEA says U.S. oil output will soon overtake Saudi Arabia’s; by year-end may top Russia’s
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OECD oil inventories at end-dec 52 mln barrels above five-year average, vs 264 mln barrels a year earlier
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Oil demand grew by 1.6 mln bpd in 2017
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Non-OPEC oil supply, led by United States, likely to grow more than demand in 2018
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Raises forecast for global oil demand growth to 1.4 mln bpd in 2018 from 1.3 mln bpd
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