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IEA raises 2024 oil demand forecast
World faces oil surplus in 2025 on weak demand, IEA says
Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said on Thursday, as rising production from the United States and other outside producers outpaces sluggish demand.
IEA Lifts 2024 Oil Demand Forecast But Trims 2025 Projections
“China’s marked slowdown has been the main drag on demand, with its growth this year expected to average just a tenth of the 1.4 million barrels a day increase in 2023,” the
IEA
said. Chinese demand fell by 70,000 barrels a day on year in September ...
IEA Raises 2024 Oil Demand Projection, Trims Next Year's
The International Energy Agency (IEA) on Thursday raised its projection for 2024 oil demand growth but trimmed its forecast for next year, citing China's slowing economy.
1d
on MSN
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
1d
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...
InvestmentNews
1d
Oil prices constraint in 2025 as IEA predicts daily 1M barrel glut
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...
Mining
13h
IEA, India to collaborate on critical minerals data analysis
The IEA is placing a strong focus on critical minerals analysis, with the Agency set to release a World Energy ...
Global Mining Review
21h
IEA and India’s Ministry of Mines strengthen co-operation on critical minerals
The IEA and the Government of India’s Ministry of Mines have signed a memorandum of understanding which lays out a ...
Investing
1d
Oil prices prices rise after IEA report; EIA data due
Investing.com-- Oil prices rose Thursday, rebounding after declines earlier in the week due to a stronger US dollar, while ...
1d
Explainer: A trillion dollar question - fossil fuel subsidies
Governments around the globe are ploughing billions of dollars into fossil fuel subsidies to shelter citizens from higher ...
Crude Oil Prices
18h
The Strong Dollar Is Back and Weighing on Oil Prices
Oil is set to post a loss for the week after a strong dollar and concerns about demand growth in 2025 continue to provide ...
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oil demand
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