IEA sees world weathering lost Russian oil supply

Published by
Reuters UK

(Corrects headline and first and second paragraphs to clarify that the IEA said in April that the risk of a sharp deficit in global oil markets had decreased) By Noah Browning LONDON (Reuters) -The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, after it cut its predictions for supply losses from the world’s No.2 exporter for the second straight month. The IEA is now forecasting that 1 million barrels per day (bpd) was lost in April, compared to 1.5 million bpd predicted last month and 3 million forec…

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