Total oil supply volumes in 2026 are expected to decrease by 5.7…
Total oil supply volumes in 2026 are expected to decrease by 5.7 million barrels per day to 100.7 million barrels per day. The expected recovery of oil production in the Persian Gulf by the IEA has been postponed until 2027, when the figure is projected to increase by 8 million barrels per day and average at 108.74 million barrels per day.
Coverage (3 sources)
- IEA foresees 'lost era' for global oil market — The Bell
- MEP forecasts oil demand recovery no earlier than 2027 — Коммерсантъ
- MEP compared the drop in oil demand to six of the largest crises in 60 years — Коммерсантъ