Oil prices may remain under pressure in 2019 - IEA

Sun, 20 Jan 2019

By Gavin Evans Jan. 21 (BusinessDesk) - Global oil prices may remain under pressure this year given the weaker demand outlook and stronger than expected production from Iran and the US, the International Energy Agency says. Attempts by OPEC states and other aligned producers to 'rebalance' the market by slowing the rise in global stockpiles may deliver only gradual results, the Paris-based agency said on Friday. While OPEC and 10 other producers – including Russia, Mexico and Kazakhstan – have pledged to cut production by almost 1.2 mi...

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