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

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…

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

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

The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.

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.

The oil market is expected to enter a substantial supply surplus in 2027 after rebounding from the closure of the Strait of Hormuz, the International...

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

LONDON - The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the Internat...

IEA forecasts 2027 oil surplus as supply rebound outpaces demand growth after Middle East peace deal.

The global oil market could swing from one of the largest supply disruptions in history to a surplus of more than 5 million barrels per day next year if Middle East production and…

LONDON: The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency said in its…