CoinScoopIEA: Global oil supply-demand gap to exceed expectations
The International Energy Agency (IEA) stated in its monthly report that the global oil supply-demand gap will be larger than previously anticipated. The delay in the normalization of Middle East oil flows until 2027, coupled with ongoing conflict involving Iran, has driven fuel prices higher and strained global refining systems.
Summaries are written by AI from the original article. Not investment advice.