Atkinson

IEA Sees Iran Oil Production Overcoming Declining U.S. Output

Global oil demand flipped from a five-year high in the third quarter at 2.1 million b/d to a one-year low in the fourth quarter of 1.0 million b/d, which does not bode well as new Iranian output overcomes declines in U.S. production, the International Energy Agency (IEA) said Tuesday.

January 19, 2016