How can the world face a 1.7 million bpd oil surplus in the coming months? IEA explains

After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.

• Sep 3, 2020What Explains The Sudden Drop In Oil Prices? | OilPrice.com-7.3%
• Oct 1, 2025World oil market to see higher surplus after OPEC+ hike, IEA says-2.2%
• Aug 31, 2018Saudi crude oil output in August rises to 10.424 million b/d: OPEC source-1.7%
• Oct 14, 2025World oil market to see huge glut in 2026, IEA says | Reuters-4.5%
• Oct 30, 2019Oil prices extend fall after surprise inventory build(Update) | The Star+2.5%

After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.

• Sep 3, 2020What Explains The Sudden Drop In Oil Prices? | OilPrice.com-12.0%
• Oct 1, 2025World oil market to see higher surplus after OPEC+ hike, IEA says-1.0%
• Aug 31, 2018Saudi crude oil output in August rises to 10.424 million b/d: OPEC source-3.6%
• Oct 14, 2025World oil market to see huge glut in 2026, IEA says | Reuters-2.7%
• Mar 6, 2019EIA: US crude inventories climb 7.1 million bbl+0.6%

After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.

• Aug 19, 2020Comparative Analysis of Monthly Reports on the Oil Market+0.2%
• Feb 7, 2018Oil hits one-month low after U.S. inventory build-7.6%
• May 18, 2017CORRECTED-UPDATE 1-Oil drops on rising US crude inventories, defies expected supply cut extension+4.9%
• Jan 10, 2024US oil stockpiles rise more than forecast, distillates build to Sept 2021 high -EIA | Reuters+0.0%
• Jan 19, 2021IEA cuts 2021 oil demand outlook as new Covid-19 lockdowns weigh on fuel sales - CNBC Africa+0.2%