IEA: Market Rebalancing Still in Early Stages

摘要

The earlier assumption that supply and demand would tighten the global oil market "from mid - year on" is in doubt as signs of demand strength may be temporary while supply remains robust, says the International Energy Agency (IEA). Supply will even be stronger if Iran returns to the market, a development that would further delay any rebalancing of physical fundamentals, the IEA says in its latest Oil Market Report , released Wednesday.