IEA Sees 5.7 Million Bpd Oil Supply Plunge as Gulf Recovery Slips to 2027

IEA warns 2026 oil supply gap will widen on delayed return of normal ...

IEA warns oil supply crunch will persist into 2027 as global inventories rapidly deplete

The US–Iran and Ukraine–Russia wars are reducing global oil supply faster than demand is being destroyed through higher crude prices

U.S.-Iran Escalation to Delay Oil Flow Recovery Into Next Year, IEA Says

The energy watchdog further cut its outlook for global oil demand, now expecting consumption to fall by 2.5 million barrels a day in 2026

IEA Sees 5.7 Million Bpd Oil Supply Plunge as Gulf Recovery Slips to 2027

The IEA just took another 1.4 million barrels per day out of its 2026 global oil supply outlook, and it no longer expects normal Gulf flows to return this year, according to a new agency report released on Friday. Global oil supply is now expected to fall by 5.7 million bpd in 2026, or roughly 6%, compared with the 4.3-million-bpd decline the agency forecast just one month ago. The delayed recovery of Middle Eastern production has pushed the ret…

IEA warns oil supply shock is deepening as Gulf recovery slips to 2027

The IEA has cut its 2026 oil supply and demand forecasts as Gulf disruptions, shrinking inventories and record diesel prices tighten the global energy market.

IEA warns 2026 oil supply gap will widen on delayed return of normal Gulf flows

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