The monthly report of the International Energy Agency is often a dry yet data-filled and important summary of the global oil market.
But its May report, released Thursday, is more stark in its wording as it projects an oil market in the coming months that will continue to be battered by tight supplies due to the formal and informal embargoes facing Russian oil, inventories at low levels not seen for years and a market for products, particularly distillates like diesel, that will continue to...
https://www.freightwaves.com/news/key-oil-report-sees-little-relief-in-current-tight-diesel-market