
IEA Forecasts Massive Oil Surplus by 2027
The International Energy Agency (IEA) has projected a significant oil surplus by 2027, following a recovery in the Strait of Hormuz region.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Low (19/100)Sources
OPEC chief dismisses IEA supply glut forecast as 'critical' Strait of Hormuz reopens
The IEA said on Wednesday that a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year.
Read full article →

