The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
May 13, 2026
· 3 min read
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IEA forecasts global oil supply to plunge below demand this year, erasing projected surplus
Original article ↗ 🔒 Paywalled source — limited preview availableB.I.A.S. ANALYSIS
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Heuristic (v1/v3)
0.00 · CENTER
ML v2 (DistilBERT)
0.295 · RIGHT
Ensemble
0.147 · CENTER
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Article Excerpt
IEA forecasts global oil supply to plunge below demand this year, erasing projected surplus
ROBERT HARVEY
LONDON
REUTERS
PUBLISHED MAY 13, 2026
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Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednesday.
The U.S. and Israel’s war with Iran, subsequent damage to Iran and its Gulf neighbours’ oil infrastructure and the ef…
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