The International Energy Agency (IEA) has indicated that global oil supply is set to increase more swiftly this year, with a surplus potentially growing by 2026. This is due to both OPEC+ members boosting their output and the growth of supply from non-OPEC+ countries. The IEA, which provides guidance to industrialised nations, noted a projected supply rise of 2.7 million barrels per day (mbbl/d) to 105.8mbbl/d by 2025, and an additional increase of 2.1mbbl/d to 107.9mbbl/d the following year. The OPEC+ ...