US EditionOil Falls as Weaker Outlook Undercuts Geopolitical Supply Risks
7 Articles
7 Articles
The latest report of the International Energy Agency (IEA) concludes that the record oil surplus forecast for next year will be even higher as OPEC+ continues to reactivate production. Although the IEA has slightly increased estimates of global demand for crude oil for this year and next year, it has further increased supply projections. According to the agency’s report, global production will exceed consumption by an average of 3.33 million bar…
World Oil Market to See Higher Supply, Surplus after OPEC+ Hike, IEA Says - Energy News, Top Headlines, Commentaries, Features & Events
Summary IEA expects global supply to rise by 2.7 million bpd in 2025 Raises demand growth forecast this year to 740,000 bpd Implied surplus to exceed 3 million bpd in 2026 OPEC forecasts due later on Thursday LONDON, Sept 11 (Reuters) – World oil supply will rise more rapidly than expected this year as OPEC+ ...
Supply of the raw material could exceed demand by 3.3 million barrels per day next year
World oil market should expect surplus after Opec+ hike
World oil supply will rise more rapidly than expected this year as Opec+ members increase output further and supply from outside the group grows, the International Energy Agency said on Thursday, and implied that a surplus could grow in 2026. Supply will rise by 2.7 million barrels per day (bpd) in 2025, up from 2.5 million bpd previously forecast, the IEA, which advises industrialised countries, said in a monthly report, and by a further 2.1 mi…
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