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IEA Monthly Report: Global oil stocks are declining at a record rate. Global oil supply is expected to rebound by 8 million b/d in 2027, compared to a rebound of 8.3 million b/d. The average daily flow rate of the Strait of Hormuz in August was 7.6 million barrels. OPEC+ production fell 1.8 million b/d in August. Non-OPEC production increased by 240,000 b/d in August, mainly driven by the US and UAE. Non-OPEC supply is expected to increase by 630,000 b/d in 2026. OPEC+ production is expected to drop 6.3 million b/d in 2026. OPEC+ production is expected to increase by 5.5 million b/d in 2027, and non-OPEC+ production is expected to increase 2.5 million b/d in 2027.

Zhitongcaijing·09/11/2026 08:09:04
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IEA Monthly Report: Global oil stocks are declining at a record rate. Global oil supply is expected to rebound by 8 million b/d in 2027, compared to a rebound of 8.3 million b/d. The average daily flow rate of the Strait of Hormuz in August was 7.6 million barrels. OPEC+ production fell 1.8 million b/d in August. Non-OPEC production increased by 240,000 b/d in August, mainly driven by the US and UAE. Non-OPEC supply is expected to increase by 630,000 b/d in 2026. OPEC+ production is expected to drop 6.3 million b/d in 2026. OPEC+ production is expected to increase by 5.5 million b/d in 2027, and non-OPEC+ production is expected to increase 2.5 million b/d in 2027.