Global supply on the oil market is expected to go up by 1 mln barrels per day in 2021 after a decrease by 6.6 mln barrels per day in 2020 mainly due to OPEC+ nations, the International Energy Agency (IEA) said in a report, APA reports quoting TASS.
Meanwhile, the agency considers an additional increase in global supply possible amid recovery of oil demand in the second half of 2021.