rafidainscope - The International Energy Agency announced that it expects a deficit in oil supply to the global market to continue until next year. The agency said in a statement that global oil markets will suffer from a continued deficit that
is expected to worsen in the coming period as a result of the continuation and expansion of the conflict in the Middle East, noting that global supply fell by about 95 million barrels last month. The agency indicated that it does
not expect the level of exports from Gulf countries to recover during the current year, stressing that they may begin to recover next year, in the hope that they will return to their normal levels before the outbreak of the
conflict.
