IEA: The global oil supply and demand gap will exceed expectations

The International Energy Agency (IEA) monthly report states that this year the global oil supply-demand gap will be larger than previously expected, as the war in Iran has not ended, and the normalization of oil flows in the Middle East has been delayed until 2027, leading to a surge in fuel prices. Inventory plays a key role in market balance, but the buffer is decreasing, and the global refining system is being stretched to its limits.