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IEA Predicts Global Crude Oil Supply Will Substantially Outstrip Demand Growth by 2025
2025-05-15 /
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Author：小编
According to the International Energy Agency's (IEA) monthly report, global oil supply is anticipated to significantly outpace demand growth by 2025, leading to a daily increase in inventories of 725,000 barrels. This projected supply growth has been revised upwards to 1.6 million barrels per day, primarily fueled by optimistic production outlooks in Saudi Arabia. Nonetheless, this forecast stands in contrast to earlier predictions made during a period when cold weather spurred a surge in demand.
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