IEA Revises 2026 Forecast: Global Oil Supply To Plunge Below Demand This Year
IEA Revises 2026 Forecast: Global Oil Supply To Plunge Below Demand This Year Global oil demand is set to exceed supply in the current year amid the ongoing conflict in the Middle East, reversing previous projections of a surplus, OilPrice reports citing the latest IEA data. "With Hormuz tanker traffic still restricted, cumulative supply losses from Middle East Gulf producers already exceed 1 billion barrels with more than 14 million (barrels per day) of oil now shut in, an unpre...
Original Source
Read the full article at Zerohedge →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.