IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!

The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.

wallstreetcn06:42 ET

Commodity Roundup: Commerzbank 2025 Copper View; ING Sees Energy Markets Under Pressure

Seeking Alpha06:00 ET

The largest Crude Oil Product supply agreement between India and Russia is coming! It is reported that Reliance will purchase 0.5 million barrels of Russian oil daily.

① The Russian state-owned oil company Rosneft is reportedly set to supply nearly 0.5 million barrels of Crude Oil Product per day to India's Reliance Industries; ② This agreement will last for 10 years, with an annual supply accounting for 0.5% of the Global market, valued at 13 billion dollars based on current oil prices. ③ This will be the largest Energy cooperation agreement in the history of India and Russia.

cls.cn04:13 ET

WTI Edges Higher to Near $70.00 on China Stimulus, New EU Sanctions Against Russia

FXStreet00:03 ET

Oil Settles Up US$1 As EU Agrees Further Sanctions

Business Today18:54 ET

Crude Oil Rises on Wednesday, WTI Taps $70 per Barrel

FXStreet17:29 ET