IEA Warns Oil Bears Are Disregarding An Imminent Supply Shortage

By Tsvetana Paraskova of OilPrice.com The decline in oil prices over the past few weeks contrasts with an expected tightening of the market later this year when demand exceeds supply by nearly 2 million barrels per day (bpd), the International Energy Agency (IEA) said on Tuesday. Since the middle of April, oil prices have lost […] Source