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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
on MSN
Oil prices end higher after tapping a 2-week low
Oil futures finished higher on Wednesday as traders weighed prospects for energy demand, U.S. production, and oil and gas ...
1d
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 ...
22h
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 ...
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 ...
4d
on MSN
EOG Resources (EOG): Strategic Expansion Amid Global Market Challenges
We recently published a list of UBS’ Top Quant Stocks In AI, IT, Healthcare & Other Sectors: Top 33 Stocks In All Sectors. In ...
2d
Oil prices touch their lowest level in 2 weeks
U.S. and global crude-oil prices on Wednesday touched their lowest levels in about two weeks, a day after OPEC+ lowered expectations for global demand growth. Trade ...
3d
on MSN
Oil Inches Higher But Demand Outlook Weighs on Sentiment
Oil prices were mixed in early Asian trade. Market sentiment was likely weighed after OPEC cut its demand forecasts, Westpac said.
1d
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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