Brent: forecast for oil market from IEA

Forex analytics: According to the monthly report of the International Energy Agency (IEA) released on Friday, there are strong risks of decline in the demand of oil in the world despite the rise of oil consumption in India, South Korea, Indonesia and some other countries.Although Iraq, Nigeria and UAE have reduced oil production in February, Iran has increased production by 220 000 barrels per day. According to ...