For a second time this week, Fatih Birol, the executive director of the International Energy Agency (IEA), called on the OPEC+ group on Wednesday to narrow the widening gap between its production quotas and the much lower actual supply to the market. "It will be important for OPEC+ to narrow this gap and hopefully provide more volumes to the market," Birol said at an energy conference in Riyadh today, as quoted by Reuters.
OPEC and OPEC+ have not been pumping as much as the OPEC+ pact calls for, essentially tightening the market and distorting…IEA Pleas With OPEC+ For More Oil Supply, Again
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