In your monthly market report of oil Posted on Thursday, the INTERNATIONAL ENERGY AGENCY (AIE) said that “The world oil supply could exceed demand in around 600,000 barrels per day (BPD) this year “.
Outstanding conclusions
The growth of global oil demand in 2025 is expected to be 1.03 million BPD (previously 1.10 million BPD).
The surplus could be extended even more in 400,000 BPD if the OPEC+ extends the elimination of its production cuts.
The US is expected to be the largest supply growth source in 2025.
The world oil offer increased by 240,000 b/d in February compared to the previous month.
The US tariffs will act as barriers to global trade and economic growth in 2025.
OPEC+ could add 40,000 BPD to the market in April instead of 138,000 BPD.
The IEA raises the no OPEC+ supply growth estimate by 2025 to 1.5 million BPD from 1.4 million BPD.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
