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IEA Sees Massive Oil Surplus In 2027 As Middle East Supply Returns | OilPrice.com
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 exports recover following the U.S.-Iran peace agreement
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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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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
