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اقتصاد سكاي نيوز عربية
Energy Agency predicts oil supply recovery
The International Energy Agency has predicted that the global oil market will gradually begin to recover from the impact of the Strait of Hormuz closure, with a potential oversupply reaching significant levels by 2027 due to increased production and decreased demand. It indicated that an agreement between the United States and Iran to end the conflict and reopen the strait could gradually restore supplies to the markets if tensions continue to ease. The report also forecasted a recovery in oil exports from the Gulf, especially Iranian exports after the lifting of U.S. sanctions, which could lead to an increase in global supply by up to 8 million barrels per day next year.
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