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Exxon Gains as IEA Forecasts 5.7 Million-Barrel Supply Drop in 2026

Exxon Mobil logoExxon Mobil
Sig1.35Sen+1.15Env0.00Soc0.00Gov0.00

Exxon Mobil edged about 0.2% higher to $165.49 as the International Energy Agency projected a growing global supply deficit. The IEA expects worldwide supply to shrink by 5.7 million barrels per day, roughly 6%, in 2026, with inventories draining at 3.1 million barrels per day in August. Normal Gulf production may not return until 2027.

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