IEA says global oil supply exceeded demand by nearly 2 million barrels a day in October as Strait of Hormuz flows peaked. Much of the surplus was still at sea a

BWB News TV • 2026-11-13 15:37 UTC • By Billy Odell Tucker-Robinson

IEA says global oil supply exceeded demand by nearly 2 million barrels a day in October as Strait of Hormuz flows peaked. Much of the surplus was still at sea at month-end and is expected to reach land in November.

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