CNBC | IEA warns that oil demand is ebbing while supply remains at 'elevated levels' CNBC With global refinery runs expected to fall by 800,000 barrels a day (b/d) in the second quarter of 2016 before surging by 2.4 mb/d in the third quarter, the IEA said that "we may well see crude oil stocks fall back but there is a risk that, unless ... Oil drops as investors lock in gains; surprise US stockpile build OPEC Producer Sees Oil at $60 Until 2018 With Demand Picking Up Demand for crude oil from Europe will drop |