Energy and oilUpdated 5h ago

IEA members plan another 71 million barrels from emergency stocks

The IEA’s November outlook forecasts a fourth-quarter surplus of about 2 million barrels a day and lowers its forecast average deficit for 2026 to 685,000 barrels a day from 1.7 million. Asharq News reports that IEA member countries plan to release a further 71 million barrels of emergency crude and oil products through the end of February 2027. The stock release is planned, and the surplus and annual deficit figures are forecasts.

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