IEA: Global Oil Market Swings To Surplus On Gulf Exports
World Oil Market Showing Signs Of Rebalancing, With Supply Surpassing Demand For First Time Since Start Of Iran War - Sees Oil Market In 1.7M BPD Supply Surplus In Q4 2026 Versus Previous Forecast Of Q4 Supply Deficit - November Balances Suggest Global Oil Market Will Return To Surplus In Q4 2026, With More Substantial Build In 2027 - Observed Oil Inventories Rose By 52M Barrels In October, First Increase Since June - Member Countries Plan To Release Further 71M Barrels Of Emergency Crude, Products Stocks Through End-February 2027 - Diesel Is Focus Of Products Releases, With About 15M Barrels Of Diesel Scheduled For Release By End-February - Russia's Diesel And Gasoil Exports Reached 1.13M Tons In October, Including 240,000 Tons For Turkey And 160,000 Tons For Brazil - Russia's Oil Production Up By 210,000 BPD In October From September To 8.73M BPD
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World Oil Market Showing Signs Of Rebalancing, With Supply Surpassing Demand For First Time Since Start Of Iran War - Sees Oil Market In 1.7M BPD Supply Surplus In Q4 2026 Versus Previous Forecast Of Q4 Supply Deficit - November Balances Suggest Global Oil Market Will Return To Surplus In Q4 2026, With More Substantial Build In 2027 - Observed Oil Inventories Rose By 52M Barrels In October, First Increase Since June - Member Countries Plan To Release Further 71M Barrels Of Emergency Crude, Products Stocks Through End-February 2027 - Diesel Is Focus Of Products Releases, With About 15M Barrels Of Diesel Scheduled For Release By End-February - Russia's Diesel And Gasoil Exports Reached 1.13M Tons In October, Including 240,000 Tons For Turkey And 160,000 Tons For Brazil - Russia's Oil Production Up By 210,000 BPD In October From September To 8.73M BPD