The agency said a mild winter in Europe and the U.S. and problematic conditions in emerging markets like China could deepen Situation_deteriorate the supply surplus Oversupply as there may be no change Movement.flat in the supply situation for the near-term with Libyan production likely to remain healthy Grow.strong in 2016 as well .

Nonetheless , the organisation kept its global growth forecast for 2019 unchanged Movement.flat at 1.4 mb/d based on solid Grow.strong non-OECD growth and even revised regional growth estimates upward Movement.up.gain based on gains Movement.up.gain in parts of the Middle East and Asia .

Oil prices have slid Movement.down.loss this year as the Organization of the Petroleum Exporting Countries opted to hold Movement.flat the same level of output despite a the region supply surplus Oversupply caused by growing Grow.strong U.S. shale output and diminished Movement.down.loss consumption from China .

The agency said a mild winter in Europe and the U.S. and problematic conditions in emerging markets like China could increase Situation_deteriorate the supply surplus Oversupply as there may be no change Movement.flat in the supply situation for the near-term with Russian supply likely to remain plentiful Grow.strong in 2016 as well .

The IEA left its demand growth forecast for 2019 flat Movement.flat from its last report in January at 1.4 million barrels per day .

Oil prices have halved Movement.down.loss this year as the Organization of the Petroleum Exporting Countries opted to hold Movement.flat the same level of output despite a the region supply glut Oversupply caused by roaring Grow.strong U.S. shale output and bad Slow.weak demand growth from U.S .

The bulls might get what they 're waiting for in June if other major producers decides to hold Movement.flat or even deepen Situation_deteriorate output caps Cause.movement.down.loss , thus providing support for higher Movement.up.gain oil prices .

Oil prices have collapsed Movement.down.loss this year as the Organization of the Petroleum Exporting Countries opted to maintain Movement.flat the same level of output despite a global glut Oversupply caused by expanding Grow.strong U.S. shale output and diminished Movement.down.loss demand growth from China .

Before the data , both Brent , the international benchmark , and West Texas Intermediate , the US standard , were relatively unchanged Movement.flat Tuesday .

LONDON ( Reuters ) - Brent crude oil steadied Movement.flat around around $ 105 per barrel on Tuesday , supported by vulnerable Slow.weak supply and hopes of demand growth from the world 's top oil consumers , the United States and China .

By Christopher Johnson LONDON ( Reuters ) - Oil prices steadied Movement.flat on Monday as U.S. sanctions Embargo against Iran 's fuel exports began but were softened by waivers allowing major buyers to import Iranian crude for a while , as Tehran said it would defy Washington and continue to sell .

Contango spread in Brent is unchanged Movement.flat at 15 cents per barrel from a week earlier , while the WTI contango is at 24 cents a barrel , from 17 cents last week .

`` Oil prices have been steady Movement.flat over the past period and at a comfortable level for all members , '' state news agency WAM quoted the minister as saying .

Crude prices settled near flat Movement.flat Monday as continued worries Negative_sentiment about the U.S.-China trade war trade.financial.tension offset initial highs Position.high reached by the market on a U.S. decision to stop protecting Kurdish rebels in Syria .

Nonetheless , the organisation kept its global growth forecast for 2019 flat Movement.flat at 1.4 mb/d based on strong Grow.strong non-OECD growth and even revised world growth forecast up Movement.up.gain based on rebounds Movement.up.gain in parts of the Middle East and Asia .

Oil prices have fallen Movement.down.loss early November as the Organization of the Petroleum Exporting Countries opted to hold Movement.flat the same level of output despite a world markets supply surplus Oversupply caused by growing Grow.strong U.S. shale output and diminished Movement.down.loss use from Germany .

Oil prices have dropped Movement.down.loss last week as the OPEC opted to hold Movement.flat the same level of output despite a world markets glut in supply Oversupply caused by rising tide Grow.strong U.S. shale output and diminished Movement.down.loss use from China .

The meetings have become less of a focus for traders than informal output tweaks and unplanned outages in recent years , as the meetings have not changed Movement.flat OPEC 's official output target .

Nonetheless , the organisation kept its global growth forecast for on the day steady Movement.flat at 1.4 mb/d based on stronger-than-expected Grow.strong non-OECD growth and even revised worldwide growth forecast up Movement.up.gain based on rebounds Movement.up.gain in parts of the Middle East and Asia .

Ministers have said they expect that the group will leave its supply target of 30 million barrels per day flat Movement.flat .

Oil futures have weighed heavily Movement.down.loss last night as the Organization of the Petroleum Exporting Countries opted to hold Movement.flat the same level of output despite a the region surplus of supply Oversupply caused by picking up Grow.strong U.S. shale output and diminished Movement.down.loss demand growth from America .

By Christopher Johnson LONDON ( Reuters ) - Oil prices steadied Movement.flat on Monday as U.S. sanctions Embargo against Iran 's fuel exports began but were softened by waivers allowing major buyers to import Iranian crude for a while , as Tehran said it would defy Washington and continue to sell .

Elsewhere , gasoline futures were steady Movement.flat at $ 1.747 a gallon , while natural gas futures rose Movement.up.gain 0.24 % to $ 2.912 per million British thermal units .

Oil futures have decreased Movement.down.loss January as the Organization of the Petroleum Exporting Countries opted to hold Movement.flat the same level of output despite a global supply glut Oversupply caused by roaring Grow.strong U.S. shale output and diminished Movement.down.loss consumption from UK .

Oil futures have weighed heavily Movement.down.loss this year as the OPEC opted to hold Movement.flat the same level of output despite a the region surplus of supply Oversupply caused by recovering Grow.strong U.S. shale output and weak Slow.weak consumption from France .

U.S. crude is expected to maintain Movement.flat $ 72.83 a barrel , Spooner forecast .

Sharp caps Cause.movement.down.loss in Mexico 's oil sale price to Asian customers on last year suggested that the world 's largest oil producer will accept lower Movement.down.loss prices to hold Movement.flat market share .

The cartel , which pumps a third of the world 's oil , has said it is happy with global oil prices and is expected to maintain Movement.flat its production target at 30 million bpd .

Sharp reductions Cause.movement.down.loss in Libya 's oil sale price to Asian customers on last year suggested that the world 's largest oil producer will accept lower Movement.down.loss futures to hold Movement.flat market share .

The cartel , which pumps a third of the world 's oil , has said it is happy with global oil prices and is expected to hold Movement.flat its output target at 30 million bpd .

The bulls might get what they 're waiting for in June if Organization of the Petroleum Exporting Countries ( OPEC ) decides to hold Movement.flat or even add to Situation_deteriorate production restrictions Cause.movement.down.loss , thus providing support for higher Movement.up.gain oil futures .

Oil futures have sunk Movement.down.loss this year as the OPEC opted to hold Movement.flat the same level of output despite a global glut in supply Oversupply caused by growing Grow.strong U.S. shale output and bad Slow.weak demand growth from India .

Sharp reductions Cause.movement.down.loss in Libya 's oil sale price to Asian customers on Wednesday suggested that the world 's largest oil producer will accept lower Movement.down.loss prices to hold Movement.flat market share .

LONDON ( Reuters ) - Brent crude oil steadied Movement.flat around around $ 105 per barrel on on the day , supported by limp Slow.weak supply and hopes of demand growth from the world 's top oil consumers , the United States and China .

The IEA left its demand growth forecast for 2019 unchanged Movement.flat from its last report in January at 1.4 million barrels per day .

Before the data , both Brent , the international benchmark , and West Texas Intermediate , the US standard , were relatively unchanged Movement.flat 2019 .

Sharp reductions Cause.movement.down.loss in UAE 's oil sale price to Asian customers on Wednesday suggested that the world 's largest oil producer will accept lower Movement.down.loss futures to hold Movement.flat market share .

Ministers have said they expect that the group will leave its output target of 30 million barrels per day unchanged Movement.flat .

Nonetheless , the organisation kept its global growth forecast for 2019 steady Movement.flat at 1.4 mb/d based on rosy Grow.strong non-OECD growth and even revised world growth estimates up Movement.up.gain based on rebounds Movement.up.gain in parts of the Middle East and Asia .

Contango spread in Brent is steady Movement.flat at 15 cents per barrel from a week earlier , while the WTI contango is at 24 cents a barrel , from 17 cents last week .

The Organization of the Petroleum Exporting Countries , which pumps more than a third of the world 's oil , agreed , as expected , keep its 30 million barrels per day output ceiling unchanged Movement.flat for another six months .

Even as the United States has largely maintained Movement.flat its ban Prohibiting on exporting crude , it has left a lot of barrels from West Africa and the Middle East looking for new homes .

The meetings have become less of a focus for traders than informal output tweaks and unplanned outages in recent years , as the meetings have not changed Movement.flat OPEC 's official output target .

Before the data , both Brent , the international benchmark , and West Texas Intermediate , the US standard , were relatively flat Movement.flat on the day .

The OPEC , which pumps more than a third of the world 's oil , agreed , as expected , keep its 30 million barrels per day output ceiling steady Movement.flat for another six months .

Sharp cuts Cause.movement.down.loss in Saudi Arabia 's oil sale price to Asian customers on Wednesday suggested that the world 's largest oil producer will accept lower Movement.down.loss prices to maintain Movement.flat market share .

Elsewhere , gasoline futures were unchanged Movement.flat at $ 1.747 a gallon , while natural gas futures gained Movement.up.gain 0.25 % to $ 61.95 a barrel .

Assuming no change Movement.flat in production policy , Goldman expects a supply deficit Movement.down.loss to emerge in the fourth quarter of 2020 , which would run down excess inventories through 2021 .

U.S. crude is expected to maintain Movement.flat $ 110 a barrel , Spooner forecast .

Elsewhere , gasoline futures were unchanged Movement.flat at $ 1.747 a gallon , while natural gas futures increased Movement.up.gain more than 2 % to $ 83 a barrel .