IEA Forecasts Global Oil Market Surplus for Q4 2026
The International Energy Agency expects the global oil market to return to surplus in the fourth quarter of 2026, with a larger supply build anticipated in 2027.
The global oil market is projected to return to a surplus in the fourth quarter of 2026, according to the International Energy Agency (IEA). The organization also anticipates a larger supply build across the market in 2027.
Market Outlook
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The projections from the IEA outline shifting supply and demand dynamics over the medium term. Market participants continue to monitor inventory risks and production output as output levels adjust globally.
Key facts
- The International Energy Agency expects a global oil market surplus in Q4 2026.
- A larger supply build is anticipated in 2027 according to the IEA outlook.
Source: news.google.com
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