International Energy Warns of Oil Market Instability
The International Energy Agency warned that oil market disruptions are expected to continue until 2027 due to declining diesel supplies and decreasing inventories, especially amid production restrictions related to the war on Iran. The agency forecasted that global oil demand will decrease by 2.6 million barrels per day in 2026, with oil supplies dropping to 5.8 million barrels per day compared to previous projections, leading to market imbalances before turning into a surplus in 2027 if conditions improve positively.
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