UPDATE 1-Oil market falls too big to offset with output cuts, IEA warns
The International Energy Agency
(IEA) on Wednesday forecast a 29 million barrel per day (bpd)
dive in April oil demand to levels not seen in 25 years and
warned no output cut by producers could fully offset the
near-term falls facing the market.
(IEA) on Wednesday forecast a 29 million barrel per day (bpd)
dive in April oil demand to levels not seen in 25 years and
warned no output cut by producers could fully offset the
near-term falls facing the market.
Posted by Reuters
