Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts
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Source: Zero Hedge
Published: 2026-08-13 04:40 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Energy, Economy & Finance, Financial Markets, Tax & Budget, World News, Business & Economy
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Snippet:
The IEA slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz pushes the market deeper into deficit, OilPrice reported.
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