Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said ...

Oil futures settled at their lowest in over two months Friday with expectations for a supply surplus next year, strength in ...

Oil held a weekly decline on concerns over plentiful supply and the outlook for demand in China, the world’s biggest crude ...

Oil prices steady as IEA forecasts 2025 surplus; strong dollar and rising U.S. output add bearish sentiment to crude market ...

Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

In economics 101, we learn that market price and equilibrium volume are determined where demand meets supply, all else remaining constant. At this ...

Investing.com -- OPEC and its allies, or OPEC+, are facing unfavourable backdrop for the plans to boost production as a potential crude surplus in 2025 and cooling demand will likely continue to ...

Traders also weighed prospects for oil demand and U.S. oil production under ... question of how to respond to an expected 2025 crude surplus. OPEC+ previously announced it would further delay ...

The surplus could provide a buffer for prices against potential supply-side price shocks from conflicts in West Asia and ...

The IEA has revised its global oil demand growth forecast upwards for 2024 but warns of weak demand and a potential supply ...

Oil futures settled at their lowest in over two months Friday with expectations for a supply surplus next year, strength in the U.S. dollar, and continued worries over demand from China — the ...

The oil market could see a major supply glut in ... one-million barrel-a-day surplus next year. The excess is largely being driven by a weakening economy in China. Demand for oil in the world's ...