On June 15, the US Energy Information Administration said global oil markets are expected to tighten in the third quarter of 2017, then loosen through 2018.

“Forecast world production of crude oil and other liquids in 2017 and 2018 was revised slightly downward in the June edition of EIA’s Short-Term Energy Outlook (STEO), which was issued after the May 25 announcement by the Organization of the Petroleum Exporting Countries of an extension to production cuts that were originally set to end t...

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