IEA Cuts 2026 Oil Supply Forecast as Diesel Squeeze Deepens
The IEA cut its 2026 oil-supply forecast as Gulf disruptions and constrained shipping drained inventories and put diesel, freight and food costs under pressure.
The IEA cut its 2026 oil-supply forecast as Gulf disruptions and constrained shipping drained inventories and put diesel, freight and food costs under pressure.
The International Energy Agency is tracking measures by governments in nearly 80 countries after disruption around the Strait of Hormuz caused what it calls the largest supply disruption in oil-market history.
The four institutions said the global economy remained broadly resilient after the Middle East war shock, but higher energy and fertilizer prices continue to threaten inflation, jobs and vulnerable economies.
The International Energy Agency says the Middle East conflict disrupted a route that previously carried almost one-fifth of global LNG supply, pushing up prices and delaying an expected easing of gas markets.
The leaders of four major economic institutions say the Middle East conflict is producing uneven effects on energy supplies, food security, commodities and economic activity.
The IEA forecasts faster electricity growth through 2027 as an LNG disruption raises costs, coal use temporarily rises and renewables overtake coal.
Oil flows and benchmark prices have partly recovered, but the IMF and IEA warn that inventories and refined-fuel resilience are thinner.