International Economic

Demand for oil poised to outstrip supply, warns IEA

By Abigail Townsend

Date: Wednesday 13 May 2026

(Sharecast News) - War in the Middle East will see demand for oil outstrip supply this year, while prices to continue to spike, the International Energy Agency warned on Wednesday.
Publishing its latest monthly report, the influential Paris-based body said mounting supply losses from the Strait of Hormuz were depleting global...

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