WORLD OIL MARKET MAY BE TIGHTER THAN IT LOOKS (Reuters) The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. The IEA, which advises industrialised countries, expects global supply to rise by 2.1 million barrels per day this year, up 300,000 bpd from the previous forecast. World demand will rise by just 700,000 bpd, it said, implying a sizeable surplus. Full article: https://www.msn.com/en-ca/money/markets/world-oil-market-may-be-tighter-than-it-looks-iea-says/ar-AA1Ip2zn?ocid=msedgntp&pc=HCTS&cvid=b2e5325c9e5e4c17e91a96ca04a5e2db&ei=52