Global oil supply returns to surplus for first time since start of Iran war, says IEA
Supplies outstripped demand by almost 2m barrels a day in October as market shows ‘tentative signs of rebalancing’ The world’s oil supply is swinging back to a surplus for the first time since the start of the US-Israeli war against Iran, the International Energy Agency (IEA) has said. Oil supplies outstripped demand by almost 2m barrels a day in October, the Paris-based agency said, as “Gulf…
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Global oil supply returns to surplus for first time since start of Iran war, says IEA (opens The Guardian in a new tab)
Supplies outstripped demand by almost 2m barrels a day in October as market shows ‘tentative signs of rebalancing’ The world’s oil supply is swinging back to a surplus for the first time since the start of the US-Israeli war against Iran, the International…
