Project News Details
Title:
Global oil supply to plunge below demand this year on Iran war, IEA says
Detail:
The International Energy Agency reports significant supply losses and a projected deficit of 1.78 million barrels per day by 2026. Demand is also expected to decline due to price spikes and economic slowdown caused by the conflict.
Country:
Source:
ET Energy World
Published Date:
12.05.2026
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