IEA Revises 2026 Forecast: Global Oil Supply To Plunge Below Demand This Year

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Source: Zero Hedge
Published: 2026-05-14 01:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Energy, World News, War & Conflict
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Snippet:
Global oil demand is set to exceed supply in the current year amid the ongoing conflict in the Middle East, reversing previous projections of a surplus, OilPrice reports citing the latest IEA data.
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