The global oil market tightened slightly in the week ending Nov. 23, according to the Oil Adequacy Index, a new measure of oil-market supply created by the Economist Intelligence Unit (EIU) and CargoMetrics. The index harnesses real-time intelligence on oil production from the Organization of Petroleum Exporting Countries, Russia, and the US, and sets this against the EIU’s forecast for global oil consumption, providing an early indicator of the adequacy of global oil supplies.

Source: News