World Oil Market to See Huge Glut in 2026, IEA Says

Summary IEA expects global supply to rise by 3 million bpd in 2025 Trims demand growth forecast this year to 710,000 bpd Implied surplus to reach 4 million bpd in 2026 LONDON, Oct 14 (Reuters) – The world oil market faces an even bigger surplus next year of as much as 4 million barrels per … Read more