The IEA reports that the global oil market will return to a surplus in the fourth quarter as Middle East exports recover and emergency reserves are released. Oil supply is expected to surpass demand despite ongoing shipping attacks.
The global oil market will return to a surplus of 1.7 million barrels per day in the fourth quarter as Middle East exports recover, the International Energy Agency said on Friday morning. The turnaround follows earlier supply deficits caused by disruptions from the conflict in Iran.
Everything you use on the web — faster, and in your pocket.
