IEA sees oil market rebalance but warns of Libya, Nigeria surge

U.S. shale drillers aren’t the only ones threatening to offset OPEC’s oil production cuts. Signs of a resurgence of oil production in Libya and Nigeria, both OPEC members, has the potential to dampen the cartel’s efforts to curb the global oversupply of oil, the International Energy Agency said Tuesday. In its monthly oil market report, ...