The oil market has only limited capacity to handle extra supply in the coming months given Libya’s potential production increases, OPEC+ continuing to ease back its quotas, and the uncertainty over demand, the International Energy Agency warned Oct. 14. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Paris-based agency kept its oil consumption outlook largely unchanged, predicting demand will fall 8.4 million b/d in 2020 but rise to 5.5 million b/d in 2021. That compares with S&P Global Platts Analytics’ view of a demand drop of 8.3 million b/d this year and a 6.2 million b/d gain next. However, the IEA pointed out that […]