OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency said on Friday, signaling that the markets could become too tight if supply remains restrained. The IEA, which coordinates the energy policies of industrialized nations, said global stocks in developed countries could fall to their five-year average – a metric used by OPEC to measure the success of output cuts – as early as May. “It is not for us to declare on behalf of the Vienna agreement countries that it is ‘mission accomplished’, but if our outlook is accurate, it certainly looks very much like it,” the IEA said in its monthly […]