The International Energy Agency (IEA) has reduced its forecast for global daily oil supply in 2026 by 0.6 million barrels compared with its previous expectations, stated in the IEA's monthly report, APA-Economics reports.
Thus, according to the report, global daily oil supply is expected to fall by 4.3 million barrels to 102 million barrels in 2026.
At the same time, the IEA expects global daily oil supply to increase by 8.3 million barrels to 110.3 million barrels in 2027.
According to the IEA's estimates, global daily oil supply increased by 2.4 million barrels in July to 101.5 million barrels. This was due to the Gulf countries continuing to restore oil production.
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