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Global oil supply set for significant growth over next two years, says IEA

The New Indian Express Jeypore

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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).

- RAKESH KUMAR @New Delhi

Global oil supply set for significant growth over next two years, says 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.

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