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.
IEA Says Trade Tensions Weigh on Oil Demand, Warns of 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.
Oil prices settle lower as IEA warns that trade tensions will undercut demand
Oil futures edged lower Thursday morning, after the International Energy Agency’s monthly report underscored worries that rising global trade tensions could undercut energy demand.
IEA: Global oil demand to accelerate in 2025 despite economic uncertainty
Global oil demand is expected to grow by over 1 million b/d in 2025, up from 830,000 b/d in 2024, reaching a total of 103.9 million b/d, according to IEA data.
IEA cuts 2025 global oil demand growth forecast
The International Energy Agency (IEA) lowered its forecast for global oil demand growth in 2025, citing a potential supply surplus driven by an expect
Global oil supply expected to exceed demand by 1 million b/d in 2025: IEA
IEA projects global oil supply to exceed demand by 1 million b/d in 2025 due to trade tensions and OPEC+ cuts.
Trade War Erodes Oil Demand as OPEC+ Boosts Supply, IEA Says
Global oil demand is under pressure from the escalating trade war at the same time that OPEC+ is reviving output, threatening to deepen a supply surplus, the International Energy Agency said.
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,
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