IEA points out that global oil market will have surplus in 2019

Last Wednesday, November 14, the International Energy Agency (IEA) pointed out that global oil demand will have surplus over the year 2019, as a significant increase in production.

The production of oil has had a significant increase since the middle of the year, while growing the trade dispute between the United States and China, which can lead to a coerciation on the growth of the world economy.

According to the IEA, the drop in the price of fuel, which has been low since October, can supply the demand to a certain point, putting in check the policy adopted.

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