IEA Sees Major 2027 Oil Overhang as Supply Outpaces Demand: What Does it Mean for Crypto?

The International Energy Agency expects a large oil supply overhang in 2027. Global output is projected to surge by 8 million barrels per day, far outpacing a modest increase in demand. The forecast follows a steep 2026 supply collapse triggered by the US-Iran conflict. A potential glut could ease energy costs, cool inflation, and hand