IEA Warns Global Oil Supply to Exceed Demand by 4 Million Barrels Daily

The International Energy Agency has raised its supply growth forecast for 2025 and 2026, projecting oil inventories to swell as non-OPEC+ countries ramp up production. This predicted surplus has implications for global prices, energy policies, and the economic stability of oil-producing nations. With demand growth expected to slow, the oil market may face significant volatility and a recalibration of investments as countries shift toward renewables.

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