# Oil Market Report - November 2026 - IEA

> The IEA's November 2026 Oil Market Report forecasts world oil demand falling 2.7 mb/d in 2026 to 102.3 mb/d, before a 2 mb/d rebound in 2027. Global oil supply rose 2.3 mb/d to 105.4 mb/d in October on higher Gulf exports despite attacks on energy infrastructure and tankers.

- Date: 2026-11-13 · published 2026-11-13T09:13:54.782Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/97564-oil-market-report-november-2026-iea
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher supply and weaker demand point to a looser crude market, which eases energy costs for feed producers through diesel, fertilizer and freight channels. Refinery margins weakened on record freight costs, a further pressure on diesel-linked logistics.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-03-24 | [Feed grain report (March 2020) \| AHDB](https://feedsoft.ai/events/6105-feed-grain-report-march-2020-ahdb.md) | -17.5% | -47.6% |
| BRENT | 2018-12-22 | [The FreightWaves oil report: a tumbling market pushes prices down to levels of mid-2017 - FreightWaves](https://feedsoft.ai/events/61736-the-freightwaves-oil-report-a-tumbling-market-pushes-prices-down-to-levels-of.md) | -1.3% | +15.8% |
| BRENT | 2017-11-01 | [IEA: Warmer weather may tilt oil market into surplus as demand slows](https://feedsoft.ai/events/68145-iea-warmer-weather-may-tilt-oil-market-into-surplus-as-demand-slows.md) | +4.3% | +3.6% |
| BRENT | 2018-12-24 | [Plunging oil prices show the market is worried about 2019 recession](https://feedsoft.ai/events/8701-plunging-oil-prices-show-the-market-is-worried-about-2019-recession.md) | -1.3% | +15.8% |
| BRENT | 2022-07-13 | [Corn prices fell 7.8%, pressured by a drop in the oil market and data from the USDA report 13.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/6833-corn-prices-fell-7-8-pressured-by-a-drop-in-the-oil-market-and-data-from-the.md) | +7.7% | -3.1% |
| WTI | 2021-11-30 | [Afternoon Market Recap for November 30, 2021 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/11598-afternoon-market-recap-for-november-30-2021-highline-grain-growers-inc.md) | -0.5% | +8.7% |
| WTI | 2020-03-24 | [Feed grain report (March 2020) \| AHDB](https://feedsoft.ai/events/6105-feed-grain-report-march-2020-ahdb.md) | -32.0% | -41.4% |
| WTI | 2023-12-14 | [Grain Transportation Report, December 14, 2023](https://feedsoft.ai/events/16579-grain-transportation-report-december-14-2023.md) | +6.9% | +5.3% |

## Sources

- iea.org: https://www.iea.org/reports/oil-market-report-november-2026

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.