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Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said.
World faces oil surplus in 2025 on weak demand, IEA says
Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said on Thursday, as rising production from the United States and other outside producers outpaces sluggish demand.
IEA Warns of Oil Market Surplus Amid Weak Demand in 2025
The IEA has revised its global oil demand growth forecast upwards for 2024 but warns of weak demand and a potential supply overhang in 2025.
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, the IEA said,
2d
Oil settles slightly higher, investors focus on steep draw in fuel stocks
Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand ...
GlobalData on MSN
1d
Petro-piracy: the continuing threat to oil security
While the illegal seizure of oil after hijacks may seem like the criminal exploits of a bygone age, the threat remains a ...
Marketplace
1d
International Energy Agency predicts an oil surplus next year
A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...
1d
Oil: The Nightmare Scenario
Trump's oil policies and Saudi Arabia's influence could lead to another significant decline in oil prices. Current oil market ...
Investopedia
3d
History of Oil Prices
She is a FINRA Series 7, 63, and 66 license holder. The
oil
market
in 2020 was turned on its head by two major forces: ...
1d
Oil prices end higher to pare some of the week's losses
Oil futures settled higher for a third session in a row on Thursday, but that wasn’t enough to shake off their losses for the week so far, with prices for ...
Crude Oil Prices
11d
Looming Oil Glut to Reshape Global Energy Landscape
The World Bank warns of a historic oil oversupply that will drive down prices, benefiting consumers but creating challenges ...
2d
on MSN
Hardeep Singh Puri: Global Oil Supply Stable Despite Geopolitical Challenges
Union Minister Hardeep Singh Puri reassured that major oil-consuming countries will not face any shortage due to increased ...
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