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International Energy Agency warns of major oil overhang next year as Iran conflict winds down
The IEA projects global oil supply could surge 8 mb/d to 110 mb/d in 2027 as the Iran conflict resolves, creating a massive surplus over tepid demand
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channelnewsasia.com
IEA sees gradual Hormuz recovery tipping into significant 2027 oil surplus
LONDON: The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International Energy Agency…
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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.
