Oil outlooks shift as Hormuz recovery delayed
after close1 source ↓written by the desknot a recommendation
- projected deficits
- 900,000 b/d
- 500,000 b/d
- in Q3 2026
- 7.6 million b/d
Energy market research organizations are revising their global oil supply forecasts for 2026 and 2027. The IEA and BNEF have reduced their projected deficits to 900,000 b/d and 500,000 b/d, respectively, while the EIA predicts a slower recovery, with global oil inventories expected to decline by 7.6 million b/d in Q3 2026. This uncertainty may impact crude oil prices significantly.
Not investment advice. For informational purposes only.