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.
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IEA lowers 2025 global oil supply growth estimate by 100,000 bpd to 1.5 mln bpd, expects 600,000 bpd surplus
MOSCOW. March 13 (Interfax) - The global oil supply in 2025 will increase by 1.5 million barrels per day (bpd) to 104.5 million bpd, according to the monthly report of the International Energy Agency ...