World oil market may be tighter than it looks, IEA says

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet ... Read More

Global oil market will be in supply deficit next year, EIA says

Global oil demand will average about 104.7 million barrels per day (bpd) next year, while supply will be around 104.6 million bpd, the EIA said in its monthly short-term energy outlook. Read More

Global Oil Supply to Rise Faster Than Expected, IEA Says

Supply is set to rise three times faster than demand this year, the International Energy Agency said, though seasonal factors are tightening the market in the short term. Read More

IEA Sees Global Oil Supply Growing Faster Than Expected

The International Energy Agency has hiked its forecasts for global oil supply this year and next, while noting that 2025 world oil demand is set to increase at its lowest rate since 2009, barring ... Read More

IEA Sees Oil Supply Outpacing Demand Despite Tight Summer Market

The IEA forecasts global oil supply growth will significantly outpace demand in 2025, though a tight summer market is keeping prices supported for now. Read More

EIA Finally Gives Up On Forecasting Global Oil Supply Surplus Next Year

It should be noted also that the IEA is forecasting a massive supply glut of 0.95 mb/d on average for next year, which seemingly has the markets convinced of a global oil market balance that is ... Read More

US Sees Small Global Oil Deficit in 2025 - TT

The U.S. reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit. Global oil consumption should exceed output by 100,000 barrels a day in 2025, according ... Read More

Gas Prices Will Fall As Global Oil Supply Outpaces Demand, EIA Says ...

US gas prices will fall to $3.20 per gallon this year and $3.00 per gallon in 2026, the EIA says. The agency says the global oil glut will expand in the next two years, putting downward pressure ... Read More

Global oil market will be in supply deficit next year: EIA

Global oil demand will average about 104.7 million barrels per day (bpd) next year, while supply will be around 104.6 million bpd, the EIA said in its monthly short-term energy outlook. Read More

Global oil market will be in supply deficit next year: EIA

The EIA pegged global demand at around 104.5 million bpd and supply at 104.7 million bpd and in its previous forecast. Lower Opec+ output is also deepening the supply deficit through the rest of this ... Read More

Global oil market will be in supply deficit next year, EIA says - ZAWYA

The EIA pegged global demand at around 104.5 million bpd and supply at 104.7 million bpd and in its previous forecast. Lower OPEC+ output is also deepening the supply deficit through the rest of this ... Read More

Global oil market will be in supply deficit next year, EIA says

NEW YORK (Reuters) -Global oil demand will outpace supply next year, the U.S. Energy Information Administration said on Tuesday, reversing a prior forecast for a surplus. The change came after OPEC ... Read More