Global oil market to return to surplus in Q4 2026, larger supply build expected in 2027: IEA

Published 13 Nov 2026, 17:25 IST

What's behind this

The International Energy Agency says the global oil market is set to rebalance by late 2026, with a surplus expected in the fourth quarter of that year and a larger surplus anticipated in 2027 as production recovers faster than demand. The agency projects oil demand to fall by about 2.7 million barrels per day in 2026, according to its November Oil Market Report.

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According to the International Energy Agency, the global oil market is set to rebalance by late 2026. Global oil production is expected to recover faster than demand, resulting in a surplus. The demand for oil is projected to decline by 2.7 million barrels per day in 2026. Despite easing crude…

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First reported by The Tribune at 11:22 UTC on 13 Nov.

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The Tribune The Tribune Trust 13 Nov 2026, 16:52 IST

Global oil market to return to surplus in Q4 2026, larger supply build expected in 2027: IEA

The global oil market is expected to return to a surplus in the fourth quarter of 2026, with a larger surplus anticipated in 2027 as production recovers faster than demand, according to the International Energy Agency's (IEA) November Oil Market Report.

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33 minutes later
The Economic Times Bennett, Coleman & Co. Current article 13 Nov 2026, 17:25 IST

Global oil market to return to surplus in Q4 2026, larger supply build expected in 2027: IEA

According to the International Energy Agency, the global oil market is set to rebalance by late 2026. Global oil production is expected to recover faster than demand, resulting in a surplus. The demand for oil is projected to decline by 2.7 million barrels per day in 2026. Despite easing crude…

Read at The Economic Times ↗