Global Oil Supply Has Dropped 12.8 Million Barrels a Day – No Quick Fix Ahead?
BeInCrypto
The IEA projects global oil markets will remain undersupplied through late 2026 despite potential conflict resolutions.Summary
The International Energy Agency (IEA) reports that global oil supply has plummeted by 12.8 million barrels per day due to the US-Iran conflict. Even under a base-case scenario where the conflict ends by June, the market is expected to remain severely undersupplied through the third quarter of 2026. A cumulative liquids deficit of 900 million barrels is projected by September 2026, and full inventory recovery will require significant additional supply over the next three years.
(Source：BeInCrypto)