Although it believes that supply is growing faster, the IEA expects the oversupply in the oil market to narrow, with Russia being the key...
The IEA raised its forecast for global oil demand growth in 2025 from 990,000 barrels per day to 1.10 million barrels per day.
International Energy Agency (IEA): Global oil supply will increase by 660,000 barrels per day in 2024 and 2.10 million barrels per day in 2025.
International Energy Agency (IEA): Oil demand growth fell to the lowest level since the epidemic.
The IEA's monthly crude oil market report will be released in ten minutes.
August 13 news, IEA monthly report: 2024 oil demand growth will reach 970,000 barrels/day (previously predicted 970,000 barrels/day). 2025 oil demand growth will reach 950,000 barrels/day (previously predicted 980,000 barrels/day).