Update: WTI Oil Edges Down as the IEA Sees the Market Over Supplied in 2025
IEA Lifts 2025 Oil Demand View, yet Expects Comfortably Supplied Market
Crude Oil Jumps Back Above $70 as US Inventories Fall to Lowest Level
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.
Commodity Roundup: Commerzbank 2025 Copper View; ING Sees Energy Markets Under Pressure
WTI Edges Higher to Near $70.00 on China Stimulus, New EU Sanctions Against Russia
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