The world will have to wait until October for additional oil supplies as output losses from Hurricane Ida wipe out increases from OPEC+, the International Energy Agency said. Consumers should have been enjoying “solid gains” in production as the Organization of Petroleum Exporting Countries and its allies continued their revival of idle capacity, the agency said in its monthly report. Instead, global supply fell by 540,000 barrels a day in August due to unexpected disruptions and will be flat this month. “Unplanned production outages have temporarily halted an uptrend in world oil supply that began in March, but growth is set to resume in October,” said the Paris-based IEA, which advises developed economies on energy policy. Global oil output fell unexpectedly in August after several months of gains The supply disappointment hasn’t had a big impact on prices because of bearish trends in fuel consumption. Global oil demand has […]