Global World News Opec Cuts 2025 Global Oil Demand Growth Forecast, Citing Us Tariffs

IEA cuts oil surplus forecast as demand growth outlook raised

The projected global crude oil surplus in the fourth quarter of 2025 has narrowed due to a halt in production, the International Energy Agency said on Thursday. Meanwhile, the forecast for global ... Read More

OPEC data indicate close oil supply-demand balance in 2026, no glut

World oil supply will match demand closely in 2026, OPEC data published on Thursday indicated, an outlook contrasting with projections from the International Energy Agency and others of a huge glut. Read More

The World Is Awash With Oil and Prices Are Poised to Keep Falling

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US. Read More

IEA slashes 2026 oil glut forecast in rare warning as demand surges, sanctions hit supply and global markets brace for a massive shakeup

The International Energy Agency (IEA) cut its forecast for next year’s global oil surplus for the first time since May, citing stronger demand expectations and weaker supply from nations facing ... Read More

Oil prices plunge as OPEC forecasts supply matching demand in 2026, no longer sees deficit

Crude oil prices fell by the most in a month Wednesday, pressured by mounting concerns of an oversupplied global market after OPEC said it now expects a balanced market in 2026, altering its earlier ... Read More