IAHL Corporation (IAHL)

[energybuyer]

Amid tight global supplies, the oil market is expected to face its biggest deficit in over a decade.

That's as Saudi Arabia has extended its output cuts, while Russia plans to continue limiting exports.

Crude oil prices rallied again on Tuesday after OPEC released market projections.

Saudi Arabia's output cuts will exacerbate tight global supplies, with the oil market expected to face its biggest deficit in over a decade.