IEA 13 November 2026: global oil supply rose 2.3 mb/d in October to 105.4 mb/d, report says market returns to Q4 surplus
IEA Nov 13 OMR: +2.3 mb/d in October to 105.4 mb/d; IEA says market returns to Q4 surplus; contemporaneous report repeats IEA conclusion.
- Urgency
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At a glance
On 13 November 2026 the IEA published its November Oil Market Report saying global oil supplies rose by 2.3 million barrels per day in October to 105.4 mb/d, and concluding the world oil market will return to a surplus in the fourth quarter as Gulf exports recover faster than demand. A same-day external report repeats the IEA's surplus conclusion.
- IEA Nov 13 OMR: +2.3 mb/d in October to 105.4 mb/d; IEA says market returns to Q4 surplus; contemporaneous report repeats IEA conclusion.
CHRONOS Wire · November 14 · Alert 5
What happened
On 13 November 2026 the IEA published its November Oil Market Report showing global oil supplies rose by 2.3 million barrels per day in October to 105.4 mb/d, and the report states the world oil market will return to a surplus in the fourth quarter as Gulf exports recover faster than demand.
Why it matters
The IEA published updated October supply figures and a Q4 surplus conclusion on 13 November 2026, information market participants use for short-term trading and policy decisions.
CHRONOS Bottom Line
IEA data published 13 November 2026 shows a 2.3 mb/d supply increase in October to 105.4 mb/d and concludes the market will return to a Q4 surplus as Gulf exports recover faster than demand.
Full detail
What changed
The IEA released its November Oil Market Report on 13 November 2026 with measured supply figures for October showing a 2.3 mb/d increase to 105.4 mb/d and an explicit statement that the world oil market will return to a fourth quarter surplus as Gulf exports recover faster than global demand.
What is genuinely new
The IEA November Oil Market Report published 13 November 2026 provides updated October measured supply figures showing a 2.3 mb/d increase to 105.4 mb/d and states the market will return to a surplus in Q4 2026.
Detailed analysis
The IEA November Oil Market Report, published 13 November 2026, reports an October supply increase of 2.3 mb/d to 105.4 mb/d and states the world oil market will return to a fourth quarter surplus as Gulf exports recover faster than global demand. A contemporaneous article reproduces the IEA's surplus conclusion.
U.S. Impact
U.S. Impact assessment pending.