Macro Finance
IEA Says Oil Markets Are Facing a Wider Shortfall
Bloomberg Markets·August 12, 2026·1 min read
Global oil inventories will drop this quarter at more than double the previous estimate, the International Energy Agency reported. Markets face a shortfall of 1.8 million barrels a day due to renewed Middle East hostilities and maritime disruptions undermining production recovery. The IEA's monthly report highlights widening supply concerns amid geopolitical tensions.
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