HomeLatestIEA Sees Oil Oversupply in 2027 if Iran War Ends

IEA Sees Oil Oversupply in 2027 if Iran War Ends

PARIS
The world oil market might face a significant provide surplus in 2027 if the United States and Iran preserve an settlement aimed toward ending hostilities, the International Energy Agency mentioned in its month-to-month report launched on June 17.

The IEA mentioned provide is anticipated to rise to 110.3 million barrels a day as Middle Eastern nations resume manufacturing and exports. Demand, nevertheless, is projected to stay at 105.3 million barrels a day as an financial slowdown weighs on consumption.

Source: テレ東BIZ

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