# IEA: World Oil Market Returns to Surplus in Q4 2026 as Gulf Exports Recover

The IEA sees Q4 2026 oil supply averaging 105 million bpd, 1.7 million bpd above demand, with 71 million barrels of emergency releases still to come, including 15 million barrels of diesel.

Published 2026-11-14 by the Feedsoft Markets Desk. Covers: WTI, BRENT, DIESEL.

Video (40s): https://feedsoft.ai/media/social/152/instagram-04c270f883.mp4

## Transcript

- **Oil heads back to surplus** The IEA says the world oil market returns to surplus in the fourth quarter of 2026 as Gulf exports recover.
- **105 million barrels a day** Q4 supply is seen averaging 105 million bpd, 1.7 million bpd above forecast demand.
- **15 million barrels of diesel** The IEA detailed 71 million barrels of remaining emergency reserve releases, including 15 million barrels of diesel.
- **Brent barely moved** Brent was last down 0.1% at $95.71 a barrel after the report.
- **Why feed buyers care** A surplus eases the tight supply behind crude and diesel prices, pointing to lower energy input costs for feed producers and processors.

Full analysis: https://feedsoft.ai/events/97672-world-oil-market-is-returning-to-surplus-as-gulf-exports-recover-iea-says

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