2025 world oil demand growth forecast seen at 790,000 bpd (previously 710,000 bpd)2026 average world oil demand growth forecast seen at 770,000 bpd (previously 700,000 bpd)2025 world oil supply seen rising by 3.1 mil bpd (previously 3.0 mil bpd)2026 world oil supply seen at 2.5 mil bpd (previously 2.4 mil bpd)With supply continuing to outpace demand, IEA says that this will lead to a situation in 2026 where total oil supply will be 4.09 mil bpd higher than total demand. That is higher compared to their previous forecast of a surplus of 3.97 mil bpd. Supply glut. This article was written by Justin Low at investinglive.com.