WS #15834
The International Energy Agency has confirmed a structural oil supply deficit of 1.73 million barrels per day through 2026, with diesel shortages expected to persist into 2027. This deficit is driven by Iran's escalation of attacks on Gulf shipping, which has disrupted supply flows and pushed Brent crude above $106 per barrel, with some reports citing spikes toward $154. The market is pricing in a prolonged supply squeeze, benefiting energy majors while severely pressuring energy-intensive industries like airlines and shipping.
Oil Supply Shock and IEA Deficit
The International Energy Agency has confirmed a structural oil supply deficit of 1.73 million barrels per day through 2026, with diesel shortages expected to persist into 2027. This deficit is driven by Iran's escalation of attacks on Gulf shipping, which has disrupted supply flows and pushed Brent crude above $106 per barrel, with some reports citing spikes toward $154. The market is pricing in a prolonged supply squeeze, benefiting energy majors while severely pressuring energy-intensive industries like airlines and shipping.