- Analytics
- News and Tools
- Market News
- IEA: Global oil supply could exceed demand by around 600,000 bpd this year.
IEA: Global oil supply could exceed demand by around 600,000 bpd this year.
In its monthly oil market report published on Thursday, the International Energy Agency (IEA) said that “global oil supply could exceed demand by around 600,000 barrels per day (bpd) this year.
Additional takeaways
2025 world oil demand growth forecast seen at 1.03 million bpd (previously 1.10 mil bpd).
The surplus could widen further by 400,000 bpd if OPEC+ extends the unwinding of its output cuts..
US forecast to be the largest source of supply growth in 2025.
Global oil supply rose by 240,000 b/d in February on month.
US tariffs will act as barriers to global trade, economic growth in 2025.
OPEC+ might add 40,000 bpd to the market in April instead of 138,000 bpd.
IEA raises 2025 non-OPEC+ supply growth estimate to 1.5 millon bpd from 1.4 million bpd.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
