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
READ HERE