Baku 21° C
IEA raises its forecast for global oil supply growth in 2026 by 2.5M barrels
Energy
- 21 January, 2026
- 14:10
Add Report.az to preferred Google sources
Stay up to date with the top news!
Global oil supply in 2026 will reach 108.7 million barrels per day (bpd), up 2.5 million bpd from 2025, reads the monthly update of the International Energy Agency (IEA), Report informs.
A month earlier, the organization's analysts forecast an increase of almost 2.4 million bpd, to 108.6 million bpd. This represents a 100,000 bpd increase in their forecast.
The agency's analysts maintained their estimate for global oil supply in 2025 at 106.2 million bpd. This represents a 3.2 million bpd increase in global supply over the past year.
Latest News
10:35
About 1,500 troops to take part in Coalition of Willing exercises in Poland
Other countries
10:15
Araghchi heads to Baghdad for OIC meeting amid regional tensions
Other countries
09:57
Saudi-led coalition says it destroyed 2 Houthi missile launch platforms in Yemen
Other countries
09:35
Trump says has no plans to introduce restrictions based on law on sanctions against Russia
Other countries
09:18
Video
IRGC: Supertanker carrying 2M barrels of oil hits mine in Strait of Hormuz
Region
09:00
EU to launch Arctic surveillance program in 2027 - Bloomberg
Other countries
02:29
Photo
Video
Sites of Memory of Western Azerbaijan: How was Amasia, once home to Azerbaijanis, Armenianized?
Domestic policy
00:01
Six years pass since another deadly missile attack on Ganja by Armenia
Domestic policy
00:00
Today marks sixth anniversary of Fuzuli's liberation from occupation
Domestic policy