Jun 14, 2024 · The International Energy Agency is predicting a major surplus of oil by the end of the decade as production continues rising and demand declines.

Mar 13, 2025 · World oil demand is now expected to rise by 1.03 million bpd in 2025, the IEA said on Thursday, down 70,000 bpd from last month's forecast, with growth driven largely by Asia …

OSLO, Nov 21 (Reuters) - The global oil market will see a slight surplus of supply in 2024 even if the OPEC+ nations extend their cuts into next year, the head of the International Energy...

Nov 14, 2024 · 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 …

Jun 12, 2024 · In its latest medium-term market report, titled Oil 2024, the International Energy Agency said oil demand growth was on track to slow down before reaching its peak near 106 …

Dec 17, 2024 · Goldman Sachs predicts an oil surplus in 2025, despite OPEC+ production cuts, due to rising non-OPEC supply and modest demand growth.

Oct 15, 2024 · The oil market faces a sizeable surplus next year amid ample supply and slowing demand growth, the International Energy Agency (IEA) said on Tuesday as it further lowered …

Nov 21, 2024 · Oil market forecasters such as the International Energy Agency (IEA) may have been too pessimistic about supply-demand balances in their latest assessments, which show a …

Oil was stronger, but a global surplus and ample spare capacity will likely put pressure on prices next year despite potential OPEC+ output hike delays and improved compliance levels from …

We are now extending our annual crude oil surplus capacity estimates for current OPEC members back to 1970, and we have also added estimates for non-OPEC countries (including both …