Low oil prices set to recede, BHP warns, amid sluggish output gains

By Brian Robins
Updated February 28 2017 - 7:08pm, first published 5:35pm
OPEC moves to limit output have helped speed up the rebalancing of the oil market. Photo: Martin Divisek
OPEC moves to limit output have helped speed up the rebalancing of the oil market. Photo: Martin Divisek

Declining output from existing oilfields will more than offset low demand growth, resulting in the present oversupply evaporating over the year ahead, BHP Billiton has forecast.

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