Thu, 22 Jan 2026 08:55:10 +0000

The International Energy Agency forecasts an oil surplus in 2026

➣ Global oil supply is expected to exceed demand by 3.69 mb/d, slightly lower than in the previous report (3.84 mb/d).➣ Total global supply growth in 2026 is projected at 2.5 mb/d (previously 2.4 mb/d).➣ A significant surplus is likely to emerge in Q1, assuming no major supply disruptions.🔼 At the same time, the IEA has again raised its 2026 oil demand growth forecast — now +930 kb/d versus the previous…