IEA Oil Market Report - July 2026 edition
The International Energy Agency (IEA) released its monthly Oil Market Report on July 10, 2026. Global oil supply rebounded to 98.8 mb/d in June, and Dated Brent crude, which had fallen to around $68/bbl in June, climbed back to roughly $77/bbl after hostilities resumed on July 7-8. The agency forecasts a full-year 2026 demand decline of about 1 mb/d, followed by 2027 growth of around 2 mb/d.
Recorded figures
- Status
- released
- dated crude price
- about $77/bbl (after rising from ~$68/bbl in June)
- june global supply
- 98.8 mb/d, up 4.1 mb/d m-o-m
- 2026 demand change
- -1 mb/d full-year forecast
- 2027 demand growth forecast
- +2 mb/d
As of Jul 10, 2026
Sources
Cited Jul 2, 2026
CNN · CNN
Dated crude trading around $77/bbl at the time of writing, after a ceasefire agreement was breached on 7-8 July.
Cited Jul 10, 2026
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