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World faces oil surplus in 2025 on weak demand, IEA says By Robert Harvey November 14, 20243:22 AM PSTUpdated November 14, 2024 ...
The Group, which has just gathered in Lisbon for its latest twice-yearly meet, is expecting a hefty supply surplus of almost 500,000 metric tons over the course of 2025 and 2026 as global demand ...
The mismatch in global supply and demand will make for a 300,000 barrels per day surplus this year, which will more than double to 800,000 barrels per day in 2026, the agency says.
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