Oil outlook improves 'somewhat' on easing virus lockdowns, output cuts: IEA
But it warns of major uncertainties - possible virus resurgence; whether output cuts can stick
Fri, May 15, 2020 - 5:50 AM
AN EASING of draconian novel coronavirus lockdown measures and a spectacular reduction in output are helping the oil market steady after a "Black April", the International Energy Agency (IEA) said on Thursday.
"Since then, the outlook has improved somewhat and prices, while...