Energy and oilUpdated Yesterday

IEA members plan faster release of the remaining 71 million barrels through February 2027.

IEA member countries plan to accelerate the release through the end of February 2027 of the remaining 71 million barrels of crude and petroleum products from emergency stocks pledged earlier in 2026, Asharq News reported, citing the agency’s November 13 report. This is the balance of the earlier pledge, not a new commitment. The IEA sees tentative signs of oil-market rebalancing, forecasting global supply to exceed demand in the fourth quarter for the first time since the Iran war began. Its outlook also projects an average decline in supply in 2026, followed by a rebound in 2027. Gulf exports had recovered to 74% of pre-war levels, but remained below them.

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