A return to previous oil price highs may not be on the horizon, the wealthy nation’s energy watchdog said on Friday, forecasting a new era in crude markets. “Supply and demand balances suggest that the price rout has yet to run its course,” said the International Energy Agency in its closely followed monthly oil report . “Barring any new supply disruption, downward price pressures could build further in the first half of 2015.” More On this topic The A-List The changing geopolitics of energy Iraq eyes return to Opec quota system Comment Opec faces up to new challenges Opec big hitters weather US oil discount IN Commodities Trafigura raises stake in Nyrstar Oil’s dive set to transform LNG market US set to export more oil condensate Indian buying a bright spot in gold market “It is increasingly clear that we have begun a new chapter in the history of […]