Record Oil Surplus Projected for 2026

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Record Oil Surplus Projected for 2026
Photo: Charlie Riedel/AP

The surplus of oil will be record-large in 2026 and larger than previously calculated, writes the International Energy Agency (IEA) in its monthly report.

According to the new calculations, the oil reserve will increase by nearly 4 million barrels per day. The previous calculation was that it would increase by 2.96 million barrels per day.

The surplus is due, among other things, to a continued decreased demand from China.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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