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  • Malkhodr @lemmygrad.ml
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    11 hours ago

    ❗️IEA forecasts global oil market surplus in fourth quarter

    The International Energy Agency (IEA) said on Friday that the global oil market is expected to return to a surplus in the fourth quarter of 2026, with supply projected to exceed demand by 1.7 million barrels per day as West Asian exports recover.

    The agency forecast global supply at 105 million barrels per day and said 71 million barrels from emergency reserves released by member states would reach markets by the end of February, including 15 million barrels of diesel.

    https://t.me/thecradlemedia/70967

    Very funny