In the report, which was released on Thursday, expresses the concern that 2017 can provide a relentless global growth, reports TDN Finans.
They believe namely that it can be challenging for OPEC to land an appointment on the planned produksjonsbegrensningene.
OPEC has stated that they have an intention to get down to a total production level of between 32,5 and 33,0 million barrels per day, but according to the EIA it means that the cartel should cut production by a minimum of 800.000 barrels per day.
“Regardless of the outcome, so will the Vienna meeting a significant impact on the emerging, and potentially vulnerable, rebalanseringen of the oil market”, states the report, which is reproduced by TDN Finans.
the IEA also believes that production from countries outside OPEC will fall by around 900.000 barrels per day in 2016, so that there will be an increase again next year.
Brazil, Canada and Kazakhstan are expected to lead the increase in production.
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