| This year marks a “turning point” for oil toward a more balanced market, but the lower oil-price environment, market instability and uncertainties surrounding environmental policies will continue to muddle the long-term outlook for the market, the Organization of the Petroleum Exporting Countries said in an annual report issued Tuesday.
“The oil market has shown signs that it is heading toward a more balanced situation” since the previous outlook report was released in December of last year, said OPEC, but it added that volatility continues and challenges remain on “several fronts.”..........................................Full Article: Source
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