IEA: An Oil Glut Is Looming

If global oil demand growth continues to languish with uncertainties around the global economy and Brexit, the oil market will likely have to cope with another oversupply next year, according to the International Energy Agency (IEA).  “Unless other things change, we will see a surplus probably, unless there is very strong demand growth recovery,” Keisuke Sadamori, the IEA’s Director for Energy Markets and Security, told CNBC on the sidelines of an energy event in Singapore on Tuesday. “Overall, we will continue to see…