Kingdom Exploration · Market Intelligence

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IEA CUTS Oil Supply Outlook as Hormuz Disrupted

IEA now sees a record 1.8-million-bpd quarterly oil deficit as Hormuz stays disrupted, slashing 2026 supply to 102.02M bpd and draining global inventories…

Aug 12, 2026 3 min read
Sean Pruitt – President
Sean Pruitt President, Kingdom Exploration LLC

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