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Commodities

IEA Warns Oil Supply Gap Set to Widen Amid Delayed Gulf Flows

Guavy AI Editorial Team
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Oil
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The International Energy Agency (IEA) has reported that the global oil supply gap is expected to deepen in 2026 due to delayed normal Gulf flows.

The agency stated that inventories have played a crucial role in balancing the market so far, but buffers are shrinking and the refining system is stretched to its limit.

The IEA emphasized the need for progress in resolving the conflicts in the Middle East and Ukraine to avoid further market tightening.

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