The global oil market will begin rebalancing in 2017 with supply and demand aligning, although current enormous stockpiles will dampen the pace of any recovery in pricing, according to the International Energy Agency (IEA) on Monday. SEE MORE Oil prices jumped on Monday following steep losses in the previous session, supported by a fall of U.S. rig count, but analysts said general oversupply was keeping the market weak. SEE MORE China’s ratio of debt to its economic size is seen climbing for at least another four years, underscoring the risks facing policy makers as they strive to prevent a deeper slowdown without triggering a credit blowout. SEE MORE Petrol prices have reduced for the fourth consecutive time this year by VND961 to VND13,752 a liter of Ron 92 since 3p.m. Yesterday in line with instructions by the Ministry of Industry and Trade and the Ministry of Finance. SEE MORE Smaller falls in food and fuel prices helped UK inflation rise to 0.3% in the year to January 2016, according to the latest figures from the Consumer Prices Index (CPI). SEE MORE