IEA says Gulf exports recovery is returning world oil market to surplus, Reuters reports
Reuters reported that the International Energy Agency said the world oil market is returning to surplus as Gulf exports recover; gcaptain.com also reported the item.
What happened
Reuters reported a news story on Nov 13, 11:34 UTC that the International Energy Agency said the world oil market is returning to surplus as Gulf exports recover. The item was filed as a market report and names the IEA and Gulf exports as the subjects of the assessment.
The same development was also reported by gcaptain.com, which published related coverage on Nov 13, 18:00 UTC.
Commodities market context
As of Nov 13, 21:00 UTC, prices and moves from Finnhub show the USO ETF (tracks WTI Crude Oil) is $145.58 and fell 0.34% from the prior close; the BNO ETF (tracks Brent Crude) is $61.06 and rose 0.08% from the prior close. The UNG ETF (tracks Natural Gas) is $10.15 and fell 2.96% from the prior close; the GLD ETF (tracks Gold) is $355.45 and rose 0.16% from the prior close.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| US Dollar Index (via UUP ETF) | $29.50 | +0.27% | vs prior close | Nov 13, 21:00 UTC | Finnhub |
| Gold (via GLD ETF) | $355.45 | +0.16% | vs prior close | Nov 13, 21:00 UTC | Finnhub |
| Silver (via SLV ETF) | $44.13 | -2.19% | vs prior close | Nov 13, 21:00 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $145.58 | -0.34% | vs prior close | Nov 13, 21:00 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $61.06 | +0.08% | vs prior close | Nov 13, 21:00 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $10.15 | -2.96% | vs prior close | Nov 13, 21:00 UTC | Finnhub |
| Copper (via CPER ETF) | $36.53 | -1.91% | vs prior close | Nov 13, 21:00 UTC | Finnhub |
Related coverage
Reuters also published an earlier piece on Nov 13, 03:01 UTC titled "Oil prices set for second straight weekly drop on signs of growing supply surplus." Gcaptain.com separately reported on Nov 13, 18:00 UTC that Russia’s oil revenues hit a five‑month high, a related oil-sector item. Yahoo published an item on Nov 13, 20:06 UTC about a Microsoft outage that disrupted oil trader data and dealmaking.
- World oil market is returning to surplus as Gulf exports recover, IEA says — Reuters, Nov 13, 11:34 UTC (also reported by gcaptain.com)
- Russia Oil Revenues Hit Five - Month High on Crude Rally , IEA Says — gcaptain.com, Nov 13, 18:00 UTC
- Oil prices set for second straight weekly drop on signs of growing supply surplus — Reuters, Nov 13, 03:01 UTC
- Microsoft Outage Disrupts Oil Trader Data and Dealmaking — Yahoo, Nov 13, 20:06 UTC
- Rupee slips as higher oil prices and US yields knock stocks, bonds — Reuters, Nov 13, 03:12 UTC
Sources and data
- Reuters (secondary source) — World oil market is returning to surplus as Gulf exports recover, IEA says
- gcaptain.com (secondary source) — Russia Oil Revenues Hit Five - Month High on Crude Rally , IEA Says
- Yahoo (secondary source) — Microsoft Outage Disrupts Oil Trader Data and Dealmaking
- Finnhub (market data) — market data
- U.S. Energy Information Administration via FRED (primary source) — calendar
- Federal Reserve (primary source) — calendar
Market data as of Nov 13, 21:00 UTC; report generated Nov 14, 01:31 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
WTI crude
West Texas Intermediate, a light, sweet (low-sulphur) US crude oil and the main US price benchmark.
Brent crude
The international crude oil benchmark, based on a basket of North Sea grades and traded as futures on ICE.
Gold (XAU)
A precious metal held as a store of value, a hedge against currency debasement and a safe haven, as well as used in jewellery and industry.
Sources & data
- Reuters (secondary, retrieved Nov 14, 2026, 01:32 AM UTC)
- gcaptain.com (secondary, retrieved Nov 14, 2026, 01:32 AM UTC)
- Yahoo (secondary, retrieved Nov 14, 2026, 01:32 AM UTC)
- Finnhub (market-data, retrieved Nov 14, 2026, 01:32 AM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Nov 14, 2026, 01:32 AM UTC)
- Federal Reserve (primary, retrieved Nov 14, 2026, 01:32 AM UTC)
Market data as of Nov 13, 2026, 09:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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