The global oil market will find itself in a large surplus next year, even as OPEC+ has decided to defer the start of production increases to April, the International Energy Agency (IEA) said on Thursday. The OPEC+ group last week decided to delay the start of the easing of the 2.2 million bpd cuts to April 2025, from January 2025. The group also extended the period in which it would unwind all these cuts into the following year, until September …

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IEA Sees Large Oil Glut in 2025 Despite OPEC+ Delay to Supply Hike

The International Energy Agency expects that more oil will be produced than needed in 2025. The strategy of major oil producing countries to cap their production in order to prevent a falling oil price is not working.

Die Internationale Energieagentur geht davon aus, dass 2025 mehr Erdöl gefördert wird als benötigt. Die Strategie wichtiger Öl-Staaten ihre Produktion zu deckeln, um einen sinkenden Öl-Preis zu verhindern, geht nicht auf.

Öl: Energieagentur erwartet weltweite Überproduktion für 2025

Media Bias/Fact Check

Spiegel

Germany

Oil: Energy Agency expects global overproduction for 2025

Supply will well outstrip demand, according to International Energy Agency estimates

La oferta superará ampliamente a la demanda, según las estimaciones de la Agencia Internacional de la Energía

En 2025 sobrará petróleo en el mundo haga lo que haga la OPEP+

El Debate

In 2025 there will be plenty of oil in the world whatever OPEC+ does

Brent futures rise 67 cents, or 0.9%, to $74.08 a barrel

Business Recorder

Oil climbs 1% to 3-week high as more sanctions loom on Russia, Iran

Oil edged lower in early Asian trade as traders digested the IEA monthly report that said that the current market balance still indicated a 950,000 barrels a day supply surplus next year.

BizToc

Oil Falls as Markets Digest IEA Report

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LONDON: Oil prices were little changed on Thursday as a forecast for ample supply in the oil market offset optimism stemming from rising expectations of a U.S. interest rate cut. Brent crude futures were up 2 cents at $73.54 a barrel at 1105 GMT. U.S. West Texas Intermediate crude futures rose 3 cents to $70.32. […]
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Global Rubber Markets

Oil little changed as IEA surplus forecast offsets rate cut optimism – Global Rubber Market News

News to the Day and the Hour  Latest News of today The recent decision of OPEC+ members to delay an expected increase in production has "reduced substantially" a possible surplus of supply next in 2025, said the International Energy Agency (IEA). Earlier this month, OPEC+ producers delayed three months, until April 2025, the plan to start withdrawing 2.2 million barrels per day of voluntary cuts from crude oil production and returning the total …

Noticias al Día y a la Hora | Últimas Noticias del día de hoy La reciente decisión de los miembros de la OPEP+ de retrasar un aumento previsto de la producción ha «reducido sustancialmente» un posible excedente de oferta el próximo en 2025, afirmó la Agencia Internacional de Energía (AIE). A principios de este mes, los productores de la OPEP+ retrasaron tres meses, hasta abril de 2025, el plan para empezar a retirar 2,2 millones de barriles diar…

AIE: oferta petrolera superará a la demanda en un mínimo de 950.000 barriles diarios en 2025

Noticias al Día y a la Hora | Últimas Noticias del día de hoy…

AIE: oil supply will exceed demand by at least 950,000 barrels per day by 2025

Singapore December 13 2024: Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve interest rate cut next week. Brent crude futures edged down 8 cents to $73.33 a barrel by 0125 GMT while U.S. West Texas Intermediate crude was at $69.95 a barrel, down 7 cents. The International Energy Agency …

AUGAF

Oil Prices Fall on Global Supply Surplus

Heading into 2025, disagreements over the market outlook are as rife as ever. Opec+ will be hoping that its cautious approach can ensure it safely navigate...

mees.com

Opec Walks The Supply/Demand Tightrope Into 2025

Oil prices fell slightly on Friday as investors focused on expectations of abundant supplies and ignored expectations of higher demand next year as a result of Chinese stimulus measures.

Brent crude futures fell

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IEA Sees Large Oil Glut in 2025 Despite OPEC+ Delay to Supply Hike

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