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Oil price hike from Opec deal may snuff itself out, says IEA

Friday, November 25, 2016 - 05:50

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An oil price surge triggered by a successful Opec agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency.

Hong Kong

AN oil price surge triggered by a successful Opec agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency.

If Opec members agree to limit supplies at their meeting next week, prices could rise to US$60 a

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