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IEA Reports Severe Product-Market Tightness and Lower Refinery Runs

12 Aug 2026 · International Energy Agency

Refined fuel loading terminal and tanker truck

The IEA's August Oil Market Report projected a 1.6 million b/d contraction in 2026 demand and refinery throughput nearly 5 million b/d below year-earlier levels in July. Diesel and jet-fuel export disruptions continued to support exceptionally strong product cracks.

News summary. Original reporting is linked below.

Read original source · International Energy Agency