Based on the June’s IEA market report, the oil market is precariously balanced on a tightrope. On one side, the global oil supply is surging   Source: Xclusiv Shipbrokers Inc. Based on the June’s IEA market report, the oil market is precariously balanced on a tightrope. On one side, the global oil supply is surging   Source: Xclusiv Shipbrokers Inc.