The International Energy Agency predicts that global oil supply will exceed demand at the end of the year
This is a first since the start of the war in Iran. In its monthly report, the International Energy Agency noted Thursday that the oil market is showing signs of rebalancing.
The oil market is finally easing since the start of the war in Iran, with signs of a rebalancing between oil supply and demand. But the impact on pump prices will not be automatic. For the International Energy Agency, the signs are still timid.
Also read Coal consumption will reach a historic peak in 2026 due to the war in the Middle East, according to the International Energy Agency Oil production has actually increased in recent weeks, after having fallen considerably with the war in Iran. Supply should therefore exceed demand in the last quarter and consolidate at the start of 2027. Exports from Gulf countries are resuming despite attacks on certain ships in the Strait of Hormuz.
Tensions still high on refiningBut the drop in prices at the pump will not follow the same pace because tensions remain high on refining, that is to say the transformation of petroleum products such as diesel. This is linked in particular to attacks on Russian refineries by Ukraine, but also to limited refining capacities in Europe. The release of strategic stocks, on the other hand, is producing its first effects, according to the Energy Agency.
In France, the average price of diesel reached 2.17 euros on Friday November 17.
Machine-translated from French
Why it is marked verified
2 independent newsrooms report this story. The Guardian published it first, 5 h before the last one.
- The Guardian13 Nov, 14:35
- Franceinfo13 Nov, 19:27
| Publisher Franceinfo (established tier) | +76 |
| Detailed summary | +2 |
| Carried by 2 newsrooms | +5 |
| Total | 83 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.