The latest report of the International Energy Agency (IEA) shows that the international oil market has entered into the track of rebalancing in despite of arduous and long way. This summer, the international oil market is unpredictable. Although the recent oil prices have stepped into the plateau, IEA reassured everyone in the new monthly report: International oil market is still in the direction of good development. In the second quarter, global crude oil stocks decreased by 500 thousand barrels per day, and early July data shows that the decline in stocks is still strong.