Telegraph.co.uk | Oil price has further to fall, says IEA Telegraph.co.uk "The oil market was massively oversupplied in the second quarter of 2015, and remains so today. It is equally clear that the market's ability to absorb that oversupply is unlikely to last. Onshore storage space is limited. So is the tanker fleet ... At war with ISIS, Iraq is pumping more oil than ever before Crude Oil Poised for Biggest Weekly Drop Since March State of The Oil Market: H1 2015 Trading Patterns Convey a Crude Reality |