The International Energy Agency on Nov. 16 signaled a likely easing of oil market tightness, forecasting world supply to rise by 1.5 million b/d in November-December on the back of a US output resurgence, and highlighting a recovery from refinery maintenance. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In its latest monthly oil market report, the Paris-based IEA noted that high prices, driven partly by the policies of OPEC+ nations, were serving both to “temper” the recovery in oil demand and spur US shale output. The IEA nudged up its 2022 demand growth estimate by 100,000 b/d to 3.4 million b/d, saying demand was being supported by “robust gasoline consumption and increasing international travel,” but added, […]