CNBC | Oil market re-balancing underway but non-OPEC expansion continues, IEA says CNBC The oil market is re-balancing as demand continues to grow, according to the IEA. Global oil demand is expected to reach 1.5 million barrels per day this year, up from the 1.4 million forecast last month. The shifting fundamentals will take time to ... Oil prices head lower as global tensions continue unabated Oil Slides Toward $48 as Skepticism Over OPEC-led Cuts Returns Oil slides on worries about global crude glut, Wall Street slump |