IEA says that Iran, Venezuela oil output could slump by almost 30% - ConsultFX

IEA says that Iran, Venezuela oil output could slump by almost 30%

IEA providing some detailed forecasts for 2019 as well A bit of a balanced take by the IEA, but if anything it continues to highlight the growing US shale output - which is foreseen to cover up the drop in supplies by other OPEC members. Though, I'm sure Saudi Arabia would be more than happy to