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Links to previous press releases are below.

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IEA Expects Tighter Market In 2017

Oil

The International Energy Agency expects an oil stock draw of 0.7M b/d in 1H17 if OPEC and non-OPEC producers achieve close to the target production levels agreed in December 2016. The organisation also forecasts that global oil demand growth will decline to 1.3M b/d this year, from an upwardly revised 1.5M b/d in 2016.