IEA Forecasts Global Oil Deficit of 1.8Mln Bpd in Q3 2026 - Report

NAMPA / Sputnik
2026-08-12
MOSCOW, August 12 (RIA Novosti) - The International Energy Agency (IEA) has more than doubled its forecast for the global oil deficit in the third quarter of 2026 in its monthly report, predicting a crunch of 1.8 million barrels per day. "The global oil balance is now expected to show a deficit of 1​​​.8 mb/d in 3Q26, more than double the estimate of around 800 kb/d in last month’s Report," the report said. After a brief improvement in June, obse......
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