IEA's Birol sees oil market rebalancing well before end-2017 - RTRS

Speaking to Reuters on the sidelines of an industry conference on Tuesday, International Energy Agency (IEA) chief Fatih Birol noted that the OPEC’s oil output cut decision may soon result in global oil markets rebalancing.

Key Quotes:

"We had been expecting before the OPEC meeting a rebalancing of the market towards the end of 2017, but with this decision it implemented we may well see it happen significantly earlier"