Global World News Global Oil Market Will Be In Supply Deficit Next Year, Eia Says
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IEA Trims Forecast on Global Oil Surplus Amid Rising Demand
The International Energy Agency has revised its forecast, projecting a smaller global oil supply surplus for next year due to stronger demand and lower supplies from countries facing sanctions. The ... Read More
IEA Trims Oil Glut Forecast as Supply Surge Halts
The International Energy Agency has revised down its forecast for a record 2026 oil glut by 230,000 bpd, citing a halt in global supply surge driven by OPEC+ outages and plunging Russian exports due ... Read More
IEA Adjusts 2026 Global Oil Demand and Supply Forecasts
The International Energy Agency has revised its forecasts, predicting an increase in global oil demand and a narrower surplus in supply for 2026. Global supply is expected to exceed demand by 3.84 ... Read More
IEA trims global oil market surplus forecast for 2026
The International Energy Agency lifted its 2026 global oil demand growth forecasts while trimming its supply growth predictions in its latest monthly oil market report on Thursday, implying a slightly ... Read More
Global oil supply drops in November; IEA cuts surplus estimates amid stronger demand
The International Energy Agency on Thursday said global oil supply fell by 610 kb/d in November, extending the decline from September’s record of 109 mb/d to 1.5 mb/d. OPEC+ accounted for over ... Read More
IEA trims forecast of record oil glut for first time since May
The IEA slightly bolstered forecasts for growth in global oil consumption to 830,000 barrels a day in 2025 and a little more in 2026. World oil demand will average a record 103.9 million barrels a day ... Read More
Is Oil About to Snap Higher? The Market May Be Too Bearish
Lower prices risk slowing U.S. shale and non-OPEC+ output, setting up the possibility that today’s glut becomes tomorrow’s crunch ... Read More
OPEC Shifts Oil Outlook to See Small Surplus in 2026
LONDON (Reuters) -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 ... Read More
An oil supply glut could sink prices to $35 a barrel next year. Why the U.S.-China trade truce won't change that.
World Bank and IEA forecast a record-high oil supply surplus of 4 million barrels per day for 2026 Global oil markets could face a supply surplus of roughly 4 million barrels per day in 2026, ... 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
World Bank Projects Oil Oversupply Will Drop Prices to Five-Year Low in 2026 -- OPIS
Global oil prices are projected to fall to a five-year-low in 2026 on growing supply and weaker demand, the World Bank Group said Wednesday in its Commodity Markets Outlook. The bank forecast Brent ... Read More
World oil market faces even larger 2026 surplus, IEA says
LONDON, Nov 13 (Reuters) - 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, ... Read More
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