Oil market 'lopsided' as output surpasses demand; four million BPD supply surplus likely by 2026: IEA
Oil market 'lopsided' as output surpasses demand; four million BPD supply surplus likely by 2026: IEA
Global oil markets are bracing for a significant surplus, with production set to outstrip demand by over four million barrels daily by 2026, according to the IEA. Despite a boost from China, supply growth is outpacing consumption, leading to an "askew" market balance. Uncertainties like trade disputes and sanctions add to the complex outlook.
Global oil markets are bracing for a significant surplus, with production set to outstrip demand by over four million barrels daily by 2026, according to the IEA. Despite a boost from China, supply growth is outpacing consumption, leading to an "askew" market balance. Uncertainties like trade disputes and sanctions add to the complex outlook.
Global oil markets are bracing for a significant surplus, with production set to outstrip demand by over four million barrels daily by 2026, according to the IEA. Despite a boost from China, supply growth is outpacing consumption, leading to an "askew" market balance. Uncertainties like trade disputes and sanctions add to the complex outlook. 
