Mubasher: Global oil markets are expected to balance in the second half of this year after a series of unplanned supply disruptions, according to a report released by the International Energy Agency (IEA).
Global oil demand is likely to stabilise at 1.3 million barrels per day (bpd) in 2017, the same growth level projected for 2016, the report said.
IEA expected global oil stocks to rise modestly in H1-17 before falling slightly more in H2-17.
