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Global oil supply set for significant growth over next two years, says IEA
The New Indian Express Dharmapuri
|October 15, 2025
THE world’s oil supply is on track for substantial growth over the next two years, with an increase of 3 million barrels per day (mb/d) expected in 2025 and a 2.4 mb/d in 2026, as per a report from the International Energy Agency (IEA).
The monthly Oil Marketing Reports by IEA, also highlights that the bulk of this future growth will come from producers outside the OPEC+ alliance. The United States, Brazil, Canada, Guyana, and Argentina are expected to contribute a combined 1.6 mb/d (million barrel per day) of additional supply in 2025, followed by a further 1.2 mb/d in 2026.
This story is from the October 15, 2025 edition of The New Indian Express Dharmapuri.
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