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Global Oil Supply Has Dropped 12.8 Million Barrels a Day – No Quick Fix Ahead?

The International Energy Agency (IEA) said global oil markets will remain severely undersupplied through the end of the third quarter of 2026, even if the US-Iran conflict ends by early June. The oil shock from the war has destabilized markets, prompting many countries to take measures to conserve fuel. Why a Firm Ceasefire Will Not The post Global Oil Supply Has Dropped 12.8 Million Barrels a Day – No Quick Fix Ahead? appeared first on BeInCrypto.

  • Read at BeInCrypto
  • Thu, 14 May 2026 11:52:02 +0000
Global Oil Supply Has Dropped 12.8 Million Barrels a Day – No Quick Fix Ahead?