IEA's Sadamori says Asia will lead global demand growth in 2017 (CNBC)

28 / MAR / 2017
petroleo

Huileng Tan / CNBC

The global oil market is re-balancing although high inventories and robust U.S. production are offsetting the effects of an OPEC output cut and growing Asian demand, an official with the Paris-based International Energy Agency (IEA) said Tuesday.

IEA's Sadamori says Asia will lead global demand growth in 2017 (CNBC)

(Photo: Getty Images)

"The agreement to cut production between OPEC and some non-OPEC countries seems to have been seeing quite good implementation in terms of compliance," Keisuke Sadamori, director of the Energy Markets and Security Directorate at the IEA told CNBC's "Squawk Box."

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