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IEA expects global oil supply to decline in 2026
The IEA noted that, as inventories are replenished and the situation in the Middle East normalizes, global oil supply is projected to increase by nearly 8 mln bpd in 2027, reaching 110.3 mln bpd
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tass.com
IEA cuts global oil demand forecast, sees 1.1 mln bpd decline in 2026
The agency thus revised its demand forecast downward by 735,000 bpd compared with its May outlook, when it projected a decline of 418,000 bpd
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cnbc.com
From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war
The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.
