Global World News Global Oil Market Will Be In Supply Deficit Next Year, Eia Says
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IEA Warns Oil Glut Will Be Worse Than Expected
The International Energy Agency has raised its oil supply and demand growth estimates, forecasting a higher-than-expected 4.09 million barrels per day surplus for the global oil market in 2026. Read More
IEA Forecasts Global Oil Market Surplus Of Up To 4.09 million BPD In 2026
OPEC+ and non-OPEC sources have contributed roughly equally to this gain, the IEA said. ・IEA expects global oil demand to rise by 770,000 bpd next year. ・Global oil demand rose by 920,000 bpd in the ... Read More
Oil Market Faces Growing Surplus as Inventories Climb, IEA Says
The oil market is becoming increasingly unbalanced with global inventories continuing to climb and an even larger surplus expected this year, the International Energy Agency said in its closely ... Read More
OPEC shifts oil outlook to see small surplus in 2026
The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift from its earlier ... Read More
Oil prices plunge as OPEC forecasts supply matching demand in 2026, no longer sees deficit
Crude oil prices fell sharply, pressured by mounting concerns of an oversupplied market after OPEC said it now expects a balanced market in 2026, altering its earlier forecast of a deficit. Read More
World oil market 'lopsided' as supply outpaces demand: IEA
The world's oil market is experiencing a period of imbalance as growing supply outstrips demand despite stronger deliveries to China, the International Energy Agency (IEA) said Thursday. Read More
World oil market faces even larger 2026 surplus, IEA says
The global oil market faces an even bigger surplus next year of as much as 4.09 million barrels per day as OPEC+ producers and rivals lift output and demand growth slows, the International Energy ... Read More
World Oil Market to See Huge Glut in 2026, IEA Says
LONDON (Reuters) -The world oil market faces an even bigger surplus next year of as much as 4 million barrels per day as OPEC+ producers and rivals lift output and demand remains sluggish, the ... Read More
OPEC Points to Smaller 2026 Oil Supply Deficit as OPEC+ Pumps More
LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's ... Read More
IEA: Global oil market to see huge oversupply
IEA data shows that global oil demand actually expanded by 750,000 b/d year-on-year (y-o-y) in third-quarter 2025, led by a rebound in petrochemical feedstock use following the tariff-induced slowdown ... Read More
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