IEA Warns Of Unsatisfied Demand If Producers Fail To Raise Oil Exports Soon
Crude oil markets are tight and getting tighter, yet until a fortnight ago the markets were behaving as if there was plenty of oil available. This is the picture painted by the International Energy Agency (IEA) in the latest (January) issue of its Monthly Oil Market Report (MOMR). In short, the agency reckons the market needs more oil urgently.
Central to the IEAs concerns is an OECD...