IEA says "mission accomplished" on Opec's oil supply cuts

16.04.2018

The Organisation of the Petroleum Exporting Countries (Opec) can declare "mission accomplished" on its goal of shrinking global oil stockpiles, the International Energy Agency (IEA) said today.

The IEA said stocks in developed countries could fall below Opec's key five-year average target in May or June.

"Our balances show that if Opec...