Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts
Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts The IEA slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz pushes the market deeper into deficit,.
Expanded Context
Brimstone Report is tracking this as a curated economy & markets brief. The source report from ZeroHedge says: Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts The IEA slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz pushes the market deeper into deficit,.
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Key Facts
- Primary source: ZeroHedge
- Published: Aug 12, 2026, 6:40 PM UTC
- Coverage area: Economy & Markets
- Brimstone role: curated summary, explanation, and source attribution
- Topic signals: developing story metadata
Timeline
- Source published: Aug 12, 2026, 6:40 PM UTC
- Brimstone indexed: Added to the curated Brimstone feed and linked to related coverage.
- Next update to watch: Additional sourcing, official confirmation, court or agency records, or follow-up reporting.
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