The oil market is likely to stay well supplied in the near term with oil stocks growing in the first half of 2020 despite deeper production cuts from the OPEC alliance and a sharp slowdown around US supply growth, the International Energy Agency said Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The IEA’s latest monthly report predicts non-OPEC oil supply growth accelerating to 2.1 million b/d this year from 2 million b/d in 2019, noting the composition of what makes up this extra crude coming on to the market will change dramatically. “The US contribution slumps to 52% versus 84% on average over 2017-2019. Significant gains will come from Norway, Brazil, Canada, […]