PARIS: The International Energy Agency on Wednesday cut its supply forecast for non-OPEC countries, citing downturns in North America and the "worsening conflict" in Yemen.
The Paris-based agency cut its 2015 forecast for non-OPEC output by 120,000 barrels a day to 630,000 bpd "on the back of a slightly more negative outlook for the US LTO (light tight oil) production and Canadian non-oil sands output, and of the fallout from the worsening conflict in Yemen," it said in its monthly report.
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