| Global oil prices are expected to recover only partially from their current $50-$60 a barrel range, the International Energy Agency (IEA) says in its five-year forecast. The agency said on Tuesday that crude prices will continue to remain well below the level of more than $100, last seen in June 2014.
"The global oil market looks set to begin a new chapter of its history, with markedly changing demand dynamics, sweeping shifts in crude trade and product supply, and dramatically different roles for Organization of the Petroleum Exporting Countries, OPEC, and non-OPEC producers in regulating upstream supply," the report said...............................................Full Article: Source
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