IEA says oil stocks, non-OPEC output to buffer market from shocks
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LONDON (Reuters) - Surging oil production from non-OPEC countries led by the United States along with abundant global stocks will help the market weather political shocks such as the U.S.-Iran stand-off, the International Energy Agency (IEA) said on Thursday."For now the risk of a major threat to oil supplies appears to have receded," the Paris-based IEA said in a monthly report. "Today's market, where non-OPEC production is rising strongly and OECD stocks are 9 million barrels above the..