Reported 16 days ago
The US has revised its oil market forecast, predicting a small global oil deficit of 100,000 barrels per day in 2025, reversing the earlier projection of a surplus. This change comes after OPEC and its allies paused supply increases, leading to tighter market conditions. However, this outlook contrasts with the International Energy Agency's projection of a 1 million barrel surplus. Analysts indicate that the revised forecast reflects a shift in market sentiment, though they expect the overall impact to be minimal.
Source: YAHOO