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IEA warns of slow Gulf oil recovery even as Hormuz deal nears | The National
Supply to fall by 3.9 million bpd this year before rebounding in 2027, while demand drops for first time since 2020
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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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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,…
