IEA Expects Oil Supply to Rebound After U.S. Winter Storm Slashed Output

Thursday, February 12, 2026 at 9:20 AM

Global supply is now projected to grow by 2.4 million barrels a day this year, with growth evenly split between OPEC+ and non-OPEC+ producers.

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Oil demand is projected to rise by 1.34 million barrels a day next year supported by easing inflation, fiscal measures and improving global trade.

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Commercial crude oil inventories rose by 8.5 million barrels. They were expected to have fallen by 400,000 barrels.

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IEA Expects Oil Supply to Rebound After U.S. Winter Storm Slashed Output

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IEA Expects Oil Supply to Rebound After U.S. Winter Storm Slashed Output

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