LONDON, Dec 12 (Reuters) - Global oil inventories could rise
sharply despite an agreement by OPEC and its allies to deepen
output cuts as well as lower expected production by the U.S. and
other non-OPEC countries, the International Energy Agency (IEA)
said on Thursday.
"Despite the additional curbs ...and a reduction in our
forecast of 2020 non-OPEC supply growth to 2.1 million barrels
per day (bpd), global oil inventories could build by 700,000 bpd
in Q1 2020," the Paris-based IEA said in a monthly report.