2025-02-14 16:10
IndustryIEA Cuts Oil Surplus Forecast
The IEA has reduced its 2025 global oil supply surplus forecast by 50% to 450,000 barrels/day. Global oil supply is expected to grow by 1.6 million barrels/day to 104.5 million barrels/day, while global oil demand is expected to hit a record 104 million barrels/day this year.
#IEA #OilSupply #OilDemand #EnergyMarket
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IEA Cuts Oil Surplus Forecast
| 2025-02-14 16:10The IEA has reduced its 2025 global oil supply surplus forecast by 50% to 450,000 barrels/day. Global oil supply is expected to grow by 1.6 million barrels/day to 104.5 million barrels/day, while global oil demand is expected to hit a record 104 million barrels/day this year.
#IEA #OilSupply #OilDemand #EnergyMarket
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