IEA’s Birol: ‘We see early signs of gradual rebalancing of global oil markets’

International Energy Agency’s (IEA) Chief Fatih Birol said on Thursday, “we see early signs of gradual rebalancing of global oil markets.”

Further quotes

“Increase in 60 mln barrels in strategic stocks in last 45 days, mostly from China, India and the US.”

“Does think recently announced output cuts will be enough to balance oil markets.”