PARIS: Global oil output will outstrip demand next year, primarily as US producers rack up production, which will hamper exporters’ efforts to prop up prices, the IEA said Wednesday.

A day after OPEC complained that increased output in the US was slowing efforts to rebalance supply and demand in the oil market, the IEA also suggested that the dynamism of US producers could prove a headache for exporters.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details