B · Normal
[International Energy Agency: Global oil supply gradually recovers, but diesel supply remains tight] November 13, the International Energy Agency released the latest "Oil Market Report" on November 13, local time, pointing out that with the gradual recovery of oil exports in the Gulf region, global oil supply exceeded demand for the first time since the outbreak of the Iran war, and the market supply and demand tension showed signs of easing. The report shows that the average daily global oil supply reached 105.4 million barrels in October this year, an increase of 2.3 million barrels from September. North Sea crude oil prices have fallen from a high of $136 a barrel in early October to about $93, a drop of more than 30%. However, the International Energy Agency warned that diesel supplies remain tight. Although diesel prices in Europe have fallen somewhat, they are still 77% higher than before the war. The International Energy Agency pointed out that accelerating the release of emergency diesel reserves in the coming months will help ease supply pressure. The report predicts that global average daily oil demand will decrease by 2.7 million barrels in 2026, and is expected to rebound by 2 million barrels in 2027. (CCTV News)
Global market intelligence 🕐 2026-11-13 17:51

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