IEA expects decline in global oil supply in 2026, but slightly improves forecast
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The International Energy Agency expects a decline of 3.7 million barrels per day in global oil supply in 2026, reducing output to 102.6 million bpd. This forecast reflects ongoing supply challenges in the oil market.
Global supply is projected to fall by 3.7 million bpd this year to 102.6 million bpd
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