International Energy Agency predicts dramatic oil supply drop in 2016

Source: WBP Online
World's oil markets are moving to balance, as, according to IEA forecast on Thursday, crude oil supply will decrease later in 2016. However, the agency also made remarks about April's global supply increase of 250,000 barrels per day to 96.2 million, because of OPEC output increase not being outweighed enough by non-OPEC country production cuts.
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