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IEA reports oil glut as Iran war slashes demand, supply surplus projected for 2026
IEA reports an oil glut due to decreased demand from the Iran war, with crude oil reaching a new all-time high by September at just 7% YES.
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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.
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tass.com
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,…
