Oil Outlook
Supply losses from Gulf producers have been partly offset by higher exports from the Americas and emergency stock releases. The IEA nevertheless expects average 2026 supply to remain materially below the previous year’s level.nnReplacement barrels may differ in quality, voyage distance and refining value. A crude buyer cannot assume that any alternative grade is operationally interchangeable with the original requirement.
Source: IEA
This is an original MENA Oil & Gas market summary based on the cited public source. It is provided for general information and does not constitute an offer, investment advice, legal advice or confirmation of product availability.