IEA Forecasts Over 5 Million Bpd Oil Surplus in 2027, Supply Growth at 8M Bpd vs 2M Bpd Demand

According to the International Energy Agency's monthly report, global oil supply is projected to grow by 8 million barrels per day (bpd) in 2027, while demand growth is expected at only 2 million bpd, creating a "significant surplus" exceeding 5 million bpd.
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