Global oil demand growth is faltering and oil production is stabilizing, providing a recipe for the global glut of petroleum and its products to continue through much of next year, the International Energy Agency said Tuesday. The IEA’s closely watched monthly oil-market report marked an abrupt shift for an agency that a month ago said the world’s oil glut had begun disappearing. The Organization of the Petroleum Exporting Countries...

Source: Wall Street Journal September 13, 2016 08:00 UTC