IEA forecasts 2026 global supply to fall
IEA forecasts global supply to fall by 5.7 mln b/d in 2026, down from a previously forecast decline of 4.3 mln b/d.
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Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal
Trump also reportedly said that he could resume attack on Iran if it failed to honor commitments. International Energy Agency expects a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year. Oil prices declined Thursday after President Donald Trump reportedl