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