Global Oil Market Swings to Surplus on Gulf Exports, IEA Says

The International Energy Agency stated that global oil markets will shift to a supply surplus for the first time since the start of the Iran war, driven by recovering Persian Gulf exports despite ongoing conflict. The IEA did not provide a specific date for when this surplus would occur. Gulf oil production has continued despite military tensions in the region.

• Bloomberg — Global Oil Market Swings to Surplus on Gulf Exports, IEA Says

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