OPEC, IEA Say Oil Market ‘Well Supplied’ Despite Ongoing Disruptions
OPEC says it considers the world oil market to be “well supplied,” despite no clear end in sight to factors driving the ongoing supply disruptions in key OPEC producers – namely Libya, Nigeria and Iraq.
The near complete shutdown of Libyan output for the second time in less than two years (see p2), together with repeated attacks on Iraqi and Nigerian oil export...