{
  "id": 667438,
  "title": "IEA: Global Oil Deficit To Hit 1.8 Million Bpd This Quarter",
  "url": "https://urgent.news/2026/08/12/iea-global-oil-deficit-to-hit-1-8-million-bpd-this-quarter",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T12:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/IEA-Global-Oil-Deficit-To-Hit-18-Million-Bpd-This-Quarter.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "The IEA has slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz pushes the market deeper into deficit. The latest forecast is considerably worse than the 3.7-million-bpd decline the agency projected just last month and would leave global supply at 102.02 million bpd, its lowest forecast…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}