can Worley avoid collapse in oil price?, page-5

from Reuters:

IEA sees global market awash with oil in 2017 if no OPEC cut.

"This means that 2017 could be another year of relentless global supply growth similar to that seen in 2016," the IEA said.
Furthermore, slower global economic growth and more modest demand in previous consumption hot spots such as India and China mean overall demand for oil will likely not pick up next year, the IEA said.
"There is currently little evidence to suggest that economic activity is sufficiently robust to deliver higher oil demand growth, and any stimulus that might have been provided at the end of 2015 and in the early part of 2016 when crude oil prices fell below $30 a barrel is now in the past," the agency said.

full article: http://www.reuters.com/article/us-iea-oil-idUSKBN1350V4