12-05-2016 10:59 via news.yahoo.com

Outlook for oil brightens as output disruptions erode surplus: IEA

By Amanda Cooper LONDON (Reuters) - Unplanned disruptions to oil output could help run down a global overhang of unused crude this year, while demand will profit from growing gasoline consumption particularly in India and China, the International Energy Agency said on Thursday. The IEA said output from non-OPEC producers is expected to fall by 800,000 barrels per day (bpd) in 2016, an acceleration from the agency's previous forecast for a fall by 710,000 bpd. On the demand front, the Paris-based
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