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The IEA cut its 2026 world oil supply forecast to 100.7 mb/d, down 5.7 mb/d year on year, and deferred the Middle East supply recovery to 2027. It also projected 2026 global oil demand to fall by 2.5 mb/d.
Observed global inventories have fallen sharply since February.
Lower supply and falling inventories point to tighter crude markets and firmer energy costs, which affect diesel and freight for feed. Demand destruction partly offsets the supply loss.
tradearabia.comPARISMar 9, 2018After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.
After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
