The oil market may start to rebalance quicker than originally anticipated, with the International Energy Agency Thursday pointing to deeper crude production cuts from OPEC+, US output falling faster than expected and modest signs of improving demand. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Paris-based agency revised up its oil demand decline forecast to 8.6 million b/d compared with a fall of 9.3 million b/d last month, as a gradual easing of COVID-19 related restrictions on mobility help consumption. However, the IEA warned any recovery will be dependent on whether governments can ease the lockdown measures without reviving coronavirus outbreaks. The IEA report highlighted the role of market forces in prompting […]