Reported about 10 hours ago
The International Energy Agency (IEA) forecasts a smaller global oil surplus for 2025, adjusting daily world inventory growth from 950,000 barrels to 725,000 barrels amid rising demand and potential supply disruptions from Russia and Iran. With elevated crude prices and cold weather impacting production in North America, the agency has also slightly increased consumption estimates while signaling possible adjustments in OPEC+ production strategies in response to the changing landscape.
Source: YAHOO