IEA Sees Oil Surplus Above 5 Million Barrels a Day in 2027 IEA Sees Oil Surplus Above 5 Million Barrels a Day in 2027
IEA sees 2027 oil surplus of more than 5 million bpd as Middle East barrels return, with supply growth of 8 mb/d against demand growth of 2 mb/d.
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Prior to the position, Ishan was senior vice president, strategy & development for Cumbernauld-media Company since April 2013. He joined the Company in 2004 and has served in several corporate developments, business development and strategic planning roles for three chief executives. During that time, he helped transform the Company from a traditional U.S. media conglomerate into a global digital subscription service, unified by the journalism and brand of Cumbernauld-media.
IEA sees 2027 oil surplus of more than 5 million bpd as Middle East barrels return, with supply growth of 8 mb/d against demand growth of 2 mb/d.
Spot gold rose 1.1% to $4,304.89 an ounce after the US-Iran peace deal eased oil and inflation fears. The Fed under Kevin Warsh held rates and signaled a possible 2026 hike.
Vetic closed a $40M Bessemer-led funding round to double its pet clinic network, even as FY25 losses widened 63% and it spent Rs 2.1 per rupee earned.
Oil fell 2.3% to $77.73 a barrel and the Nikkei and Kospi hit all-time highs after the US and Iran signed a framework deal to end the war and reopen the Strait of Hormuz.
The US-Iran deal reopens the Strait of Hormuz, freeing 62 million barrels of crude inside. Goldman cut its Brent forecast as Asian refiners weigh storage.
Sensex and Nifty edged higher on June 18 even as IT stocks led losses. The Fed signaled fewer 2026 cuts while a US-Iran deal pushed Brent below $79 a barrel.
The US Dollar pushed above 100 after the Warsh-led Fed held at 3.50%-3.75% and the dot plot’s 2026 median rose to 3.8% from 3.4%, with nine officials pencilling in a hike.
Stocks to watch on June 18: NSE files ₹30,000 crore IPO draft, HFCL bags ₹2,666 crore BharatNet order, and DOMS promoter FILA sells 7.3% via block deal.
NSE vs BSE: NSE’s revenue and profit still tower over BSE’s, but the smaller exchange just posted its best year. The NSE IPO will force a re-rating.
MIT’s Fractal OS boots on hardware to study chips without macOS noise. Its first M1 run found the first evidence of Phantom attacks on Apple Silicon.
Gold Recovers After Iran Deal Cheer as the Fed Tilts Hawkish 
Vetic Lands $40M Led by Bessemer to Double Pet Clinic Network 
Oil Slips 2.3% and Asian Stocks Hit Records on US-Iran Framework Deal 
Strait of Hormuz Reopens With 62 Million Barrels Set to Sail 
Sensex, Nifty Recover as IT Caps the Day and the Fed Tilts Hawkish 
Dollar Pushes Above 100 as Warsh-Led Fed Holds, Hints Hike 
Stocks to Watch June 18: NSE DRHP, HFCL BharatNet, DOMS Block Deal 
NSE vs BSE: Revenue, Profit and Growth Before the NSE IPO 
Fractal: MIT’s Custom OS Is an Electron Microscope for Chips