n together they point to some semblance of tightening in the market For example, last week the in the IEA’s monthly Oil Market Report , the agency made headlines when it estimated that OPEC’s compliance rate dipped on the back of rising production from Libya and Nigeria. The unexpected increase in output will probably delay the oil market rebalancing, the IEA concluded. But buried beneath that bearish headline was the revision on oil demand – the IEA said global demand will expand this year by 1.5 million barrels per day (mb/d), or a jump of 0.1 mb/d from the agency’s estimate in the previous month. So, demand is rising faster than […]