Analysis by the International Energy Agency (IEA) suggests the global oil market will face a supply deficit this year, due to production restrictions imposed by the Opec+ group of oil producing countries scheduled to last until the second half of 2024. The IEA, which published its monthly report on Thursday, had previously assumed there would be a surplus of crude oil this year. The major oil-producing countries decided to keep their supply tight at the beginning of March, and the reduction in production volumes is to continue until mid-2024. However, the IEA report assumes that restrictions w…