EconomyIEA expects global oil supply to decline by 4.3 million bpd in 2026
The International Energy Agency expects global oil supply to fall by 4.3 million barrels per day in 2026. Its estimates show that worldwide supply increased by 2.4 million barrels per day in July, reaching 101.5 million barrels per day. Gulf countries continued restoring oil production, contributing to the monthly rise.
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TASS★★★★☆2026-08-12 12:45Original
IEA expects global oil supply to decline by 4.3 million bpd in 2026