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IEA: Oil Markets will Rebalance in 2017 if Cuts Implemented

Posted by December 13, 2016

A re-balancing of world oil markets could occur in the first half of next year if production cuts by OPEC and other producers are implemented, International Energy Agency (IEA) chief Fatih Birol said on Tuesday.


Birol told a conference in Prague that higher oil prices would weaken global demand.


Reporting by Robert Muller

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