finance
IEA Report Shows Global Oil Supply Shortfall of 920,000 Barrels Per Day in 2026
The International Energy Agency lowered its forecast for the global oil supply deficit in 2026 to 920,000 barrels per day. The agency had previously projected a larger shortfall of 1.7 million barrels per day.
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The agency now sees total world oil supply running 920,000 barrels per day below demand for the year. Officials released the updated projection in a monthly report. The new figure replaces an earlier estimate of a 1.7 million barrel per day shortfall.
The agency had previously forecast a larger gap between supply and demand. That outlook appeared in an earlier monthly report.
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