Middle East Economic Survey


No 16


IEA Sees Market Tightening On Reduced Supply, Rising Demand

If recent lower supply levels are sustained, OECD stocks could tighten by the end of the year, the International Energy Agency (IEA) says in its latest Oil Market Report (OMR), released on 12 April. Amid heightened geopolitical risks, a smaller supply cushion leaves the market more exposed to supply or demand shocks, the Paris-based agency says. OPEC supply fell to 29.2mn b/d in...