OIES – Oil Monthly, Mar 2026
Summary
This report analyzes the global oil market outlook amid the Iran war and disruptions through the Strait of Hormuz.
It focuses on supply, demand, and price forecasts for 2026 and 2027, highlighting a shift from surplus to deficit due to conflict impacts. Key findings include significant production shut-ins in the Middle East Gulf, contraction and rebound in global oil supply, revised demand growth forecasts, and raised Brent crude price projections with a peak in April 2026.
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