Oil surplus to fall to 200k barrels a day: IEA
The surplus in the global oil markets will fall to 200,000 barrels a day in the last six months of 2016 from 1.5 million in the first half, the International Energy Agency (IEA) said on Thursday. Production outside the Organization of Petroleum Exporting Countries (OPEC) nations will fall by the most since 1992 on account of lower prices, it added. 