Oil prices are likely to come under further downward pressure, IEA says, as it cuts its outlook for demand growth in 2015 and predicts healthy non-OPEC supply gains will aggravate a global oil glut. LONDON, Dec 12 (Reuters) – Oil prices are likely to come under further downward pressure, the International Energy Agency said on Friday, as it cut its outlook for demand growth in 2015 and predicted healthy non-OPEC supply gains would aggravate a global oil glut. Oil prices have fallen by 45 percent since June with the sell-off gaining pace after OPEC decided last month to keep its output target unchanged. The IEA said that if OPEC maintained production levels, the global oversupply would reach 2 million barrels per day in the first half of 2015, when demand will be seasonally weak. The agency, which coordinates energy policies of industrialised countries, cut its outlook for […]