International Energy Agency says global oil market will shift to surplus in the fourth quarter

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智通财经2026/11/13 09:36

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The International Energy Agency stated on Friday that as Middle Eastern exports recover at a faster pace than the growth of global oil demand, the global oil market will move into a surplus in the fourth quarter of this year, even though shipping continues to be under attack.
The Paris-based agency said in its monthly report that oil supply in the fourth quarter will average 105 million barrels per day, which is 1.7 million barrels higher than the projected demand. The International Energy Agency had previously forecast a supply shortage for the fourth quarter.
In the report, the agency said the oil market is showing initial signs of rebalancing, with global oil supply exceeding demand for the first time since the outbreak of the Iran war.

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International Energy Agency says global oil market will shift to surplus in the fourth quarter

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