Reuters | Oil glut to swamp demand until 2020 Financial Times In its closely watched annual outlook, the International Energy Agency said oil demand would rise by less than 1 per cent a year between now and 2020, a slower pace than necessary to quickly mop up an oil glut that has driven prices to multiyear lows. Oil price to rise only gradually to $80 by 2020: IEA Oil Price Drop Threatens Industries That Help Cut Global Warming IEA: Cheap oil era could boost reliance on Middle Eastern crude |