Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
World

IEA Says Supply and Demand for Oil Will Balance by 2017

Oil production in the world has finally begun to decline after the prolonged period of low prices

HALLAN HIDROCARBUROS EN AGUAS PROFUNDAS DEL CARIBE COLOMBIANO
By Administrador Whatsapp Twitter Facebook Share
2 years ago

The International Energy Agency (IEA) released its 2016 Medium-Term Oil Market Report, where it stated that oil production in the world has finally begun to decline after the prolonged period of low prices. Currently, the decline in production may still be insufficient to balance supply and demand, but will happen in early 2017.

The IEA, based in Paris, France, issued the report Monday in Houston, Texas, under the first day of the 2016 CERAWeek Energy Conference, a five-day event considered one of the most important forums on the energy industry in the world.

The report noted that, while oil prices should start to rise gradually once the market begins to balance, the availability of crude oil that can be extracted easily and quickly will limit the extent of the increases, at least in the short term.

However, there is still a risk of a rise in oil prices in the latter part of the year, derived from the lack of investment, warned the report.

Comments Whatsapp Twitter Facebook Share
More From The News
World

Russia: Relations with US Poor Over 'Rus ...

14 hours ago
Business

Not Home? Walmart Wants to Walk in and S ...

14 hours ago
Living

Post-Quake Threats: How to Avoid Them

15 hours ago
World

Turkey says It Won't Accept Kurdish Inde ...

15 hours ago
Most Popular

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press
Mexico

Oaxaca Struck by 6.2 Quake

By The News
Mexico

How You're Helping This Weekend

By Federico Rojas Frias
Living

Earthquake Death Toll Continues to Rise

By The News
Mexico

UAEM Recognizes University Researchers

By The News
Mexico