IEA Raises 2026 Oil Supply Forecast by 210,000 Barrels Per Day, Trims Demand Outlook
The IEA has raised its 2026 global oil supply forecast by 210,000 barrels per day while lowering its 2026 demand forecast by 70,000 barrels per day. The UAE recorded an all-time high oil production of 4.1 million barrels per day in June. Oil flows through the Strait of Hormuz increased by 5.5 million barrels per day month-over-month in June, according to the IEA.
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Today's Top Gainers
13,936.00
(+1.52%)
11,700.00
(+1.53%)
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8,783.50
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1,915.00
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1,928.30
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288.60
(-1.32%)
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