The agency's first assessment of 2027 points to an oil market facing a whopping surplus of about 5 million b/d next year.

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 world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International