iPhone | iPad
Android
Huawei
Many students wade through waist-deep water to head to neighbour's house for online classes
KT APPDOWNLOAD
No Opec cut? Expect oil glut in 2017, says IEA
Global supply rose by 800,000 barrels per day in October to 97.8 million bpd, led by record Opec output.
The group said global supply rose by 800,000 barrels per day in October to 97.8 million bpd, led by record Opec output and rising production from non-Opec members such as Russia, Brazil, Canada and Kazakhstan.
The IEA kept its demand growth forecast for 2016 at 1.2 million bpd and expects consumption to increase at the same pace next year, having gradually slowed from a five-year peak of 1.8 million bpd in 2015.
The Organisation of the Petroleum Exporting Countries meets at the end of November to discuss a proposed cut in production to a range of 32.5 to 33 million bpd, but discord among members has raised doubt over Opec's ability to deliver a meaningful reduction.
"Whatever the outcome, the Vienna meeting will have a major impact on the eventual - and oft-postponed - rebalancing of the oil market," the IEA said.
"If no agreement is reached and some individual members continue to expand their production, then the market will remain in surplus throughout the year. Indeed, if the supply surplus persists in 2017, there must be some risk of prices falling back." - Reuters
More news from
Hospitals brace for uptick in typhoid and bacterial infections; and mosquito- and fly-borne diseases like dengue
With 30% of their inventory damaged, owners of Preloved Books now face the daunting task of rebuilding from scratch
Five-time champions hold their nerve to claim victory by nine runs in the final over at Chandigarh
Natasha Abbas is a British civil engineer who co-founded North 51, a project management consultancy in Dubai
People who are assessing your qualifications can quickly tell the difference between an authentic life narrative and a third-party account
Arab-Canadian public speaking coach and author of The Million Dollar Speaker Maher Elusini on how to make your speech command value for time and money
The legendary Greek-Russian conductor Teodor Currentzis, who is all set to perform at the Dubai Opera next week, on music transcending cultural and language barriers
