IEA expects global oil supply to decline by 4.3 mln bpd in 2026
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The IEA expects global oil supply to decline by 4.3 million barrels per day in 2026. In July 2024, global oil supplies rose by 2.4 million barrels per day to 101.5 million, driven by Gulf countries continuing to restore production.
According to IEA estimates, global oil supplies rose by 2.4 million bpd in July to 101.5 million bpd, as Gulf countries continued to restore oil production
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