US Edition
Global Oil Markets Will Face Record Surplus in 2026, Says IEA – Oil & Gas 360
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
Forecast for record oversupply in 2026 and a drop in oil prices
Global oil markets will face record surplus in 2026, says IEA – Oil & Gas 360
(World Oil)– Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said. Oil inventories will accumulate at a rate of 2.96 million bpd, surpassing even the average buildup during the pandemic year of 2020, data from the IEA’s monthly report showed. World oil demand this year and next is growing at less than half the pace seen in 2023. At the same time, supplie
Global Oil Markets Race Record Glut Next Year: IEA - Energy News, Top Headlines, Commentaries, Features & Events
The OPEC+ coalition, led by Saudi Arabia, has fast-tracked the restart of halted production Bloomberg News Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said. Oil inventories will accumulate at a rate of 2.96 million barrels a day, surpassing even the average buildup ...
The Organization of Petroleum-Producing Countries (OPEC) and the International Energy Agency (IEA) continue to show divergent forecasts of oil market developments by 2025-2026, reflecting uncertainties in the future of the sector, with conflicting forecasts of world demand and oil supply. OPEC's latest monthly report on the Algerian daily El Watan has increased its forecasts of world demand by 2026, with an increase of 1.38 million barrels per d…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
