Oil surplus by year-end

The International Energy Agency expects an oil-market surplus to return in the fourth quarter of 2026, as Middle Eastern exports recover faster than demand grows, despite continued attacks on maritime shipping. It estimated supply at an average of 105 million barrels per day—1.7 million barrels per day above expected demand—after previously forecasting a supply deficit. The agency added that 71 million barrels from the exceptional release of emergency reserves would be available by the end of February, including 15 million barrels of diesel.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article