IEA
The Great 2026 Oil Glut: IEA Warns of Structural Surplus as Supply Growth Dwarfs Global Demand
The International Energy Agency (IEA) released its January 2026 Oil Market Report this morning, sounding a loud alarm for global energy markets. Despite a modest upgrade to global demand growth—now projected at 930,000 barrels per day (bpd)—the agency warned that a massive surge in production, expected to