IEA expects global oil supply to decline in 2026
The IEA noted that, as inventories are replenished and the situation in the Middle East normalizes, global oil supply is projected to increase by nearly 8 mln bpd in 2027, reaching 110.3 mln bpd
IEA expects global oil supply to decline in 2026 Global oil supply is expected to rise by almost 8 million barrels per day by 2027. This increase will bring the total supply to 110.3 million barrels per day. The growth is attributed to replenishing inventories and a normalizing situation in the Middle East.
- Global oil supply projected to increase by nearly 8 mln bpd in 2027.
- Total supply expected to reach 110.3 mln bpd.
- Inventory replenishment and normalization in the Middle East are key factors.
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