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Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts
Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts
The IEA slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz pushes the market deeper into deficit, OilPrice reported.
The latest forecast is considerably worse than the 3.7-million-bpd decline the agency projected just last month and would leave global supply at 102.02 million bpd, its lowest forecast for 2026 yet.
Supply is now expected to fall 1.27 million bpd short...
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Mar 8, 2026 / Jason Ditz
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Yields Hit Session High After Subpar 5Y Auction Tails For 10th Consecutive Time As Foreign Buyers Shrink
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While yesterday's 2 Year auction was absolutely blockbuster, today's sale of 5Y paper left quite a bit to be desired.
Starting at the top, today's sale of $70BN in 2Y paper priced at a high yield of 4.393%, which was modestly below last month's 4.408% if at the high end of all auctions in the past few years. It also tailed the When Issued 4.391% by 0.2bps, which was the 15th consecutive auction without...
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AI Takeover Complete: Data Center Construction Surpasses Office Construction For The First Time
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