Chronic oil supply issues among a group of major producing nations threaten to increase tightness and volatility in the energy market and push prices higher still, the International Energy Agency said Friday.
Failures by members of the Organization of the Petroleum Exporting Countries and their allies to meet supply pledges have helped propel oil prices to their highest levels since 2014. There were signs that the shortfall was deepening, likely tightening an already stretched market, the Paris-based agency said in its monthly market report.
