Global oil markets will remain oversupplied at least until the end of 2016 as demand growth slows and OPEC output booms, putting oil prices under further pressure, the International Energy Agency said on Friday. The IEA, which advises developed nations on energy policies, said the global oil glut was set to worsen in the months to come as additional supplies from Iran – when and if Western sanctions on the country are removed – would push more oil into storage. But it added that the pace of record global stock-building would slow down next year and the world was very unlikely to run out of storage capacity. “World oil markets will remain oversupplied at least until late 2016 …although the pace of global stock builds should […]