IEA: Global Oil Deficit To Hit 1.8 Million Bpd This Quarter | HappeningNow.news

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IEA: Global Oil Deficit To Hit 1.8 Million Bpd This Quarter

Source Summary Published August 12, 2026 Brief Under 1 min brief
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Coverage Single outlet Single-outlet story
Views 49 Community interest
Brief read Under 1 min brief 38 words

Summary

The IEA has 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.

Read original at OilPrice

Coverage Context

Part of IEA coverage 14 tracked stories

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