IEA sees global oil market surplus for 2025

IEA sees global oil market surplus for 2025 as demand disappoints
Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on Thursday, due to growth led by the United States and weaker than expected global demand.
Oil prices settle lower as IEA warns that trade tensions will undercut demand
Oil futures settled lower on Thursday after the International Energy Agency’s monthly report underscored worries that rising global trade tensions could undercut energy demand.
IEA Says Trade Tensions Weigh on Oil Demand, Warns of Larger Supply Surplus
The International Energy Agency said the macroeconomic conditions underpinning its oil-demand projections have worsened over the past month due to global trade tensions, and that it sees a bigger-than-anticipated supply surplus if OPEC+ raises output beyond April.
Oil Demand Threatened by Trade War, Tariffs: IEA
You and the team write that macro conditions that underpin our oil demand projections deteriorated over the past month as trade tensions escalated. What is your estimation in just how harmful some of the tariffs,
Oil Supply to Exceed Demand in 2025 as Trade Tensions Cloud Outlook, IEA Says
Global oil supply is expected to exceed demand this year, while trade tensions are clouding the outlook, the International Energy Agency said on Thursday. The agency's projections suggest supply may exceed oil consumption by around 600,
OPEC Maintains Oil-Demand Growth Forecasts Amid Tariff Uncertainty
The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and ...
Trump exposes OPEC's diminished market power
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The OPEC You've Never Heard Of: Why Potash Prices Could Boom
Belarus and Russia are coordinating potash production cuts and may form a new cartel, which could drive potash prices higher.
Crude Oil Declines Sharply Amid Market Uncertainty, OPEC+ Supply Adjustments
WTI crude oil continues to drop below the long-term support zone, while natural gas has hit strong resistance at $4.90.
OPEC+’s Relaxed Targets Reflect Bullish View Of Market
While there might be some correlation between Saudi production policies and U.S.-Saudi relations, the reality seems more ...
OPEC+ will finally boost oil production after failing to raise prices by throttling supply
Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower ...
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Oil Prices Slide on Jitters Over Trump’s Tariffs and OPEC Increases
The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump ...
Why Saudi Arabia’s oil exports to China may drop to a one-year low in April
Saudi Arabia, the world's largest oil exporter, is expected to see a significant decrease in its crude oil shipments to China ...
U.S. Gasoline Stock Draw Lends Support to Crude
Oil futures gain as the EIA's report of a 1.4 million barrel increase in U.S. crude oil stocks is offset by a bigger-than-expected 5.7 million drawdown in gasoline inventories. U.S. inflation for ...
Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans ...