Article contentGlobal oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said. Article contentOil inventories will accumulate at a rate of 2.96 million barrels a day, surpassing even the average buildup during the pande»»»

LONDON :The International Energy Agency on Wednesday raised its forecast for oil supply growth this year following a decision by the OPEC+ producer group to hike production and lowered its demand forecast due to lacklustre demand across the major economies. The IEA expects world oil supply to rise »»»

LONDON: The International Energy Agency said on Thursday economic headwinds combined with record sales of electric vehicles will reduce global oil demand growth to 650,000 barrels per day for the remainder of 2025. That marks a slowdown from the 990,000 bpd the IEA measured for demand growth over J»»»

London: World oil demand will rise faster than expected next year, the International Energy Agency (IEA) said on Thursday, a sign that the outlook for near-term oil use remains robust. World consumption will rise by 1.1 million barrels per day (bpd) in 2024, the Paris-based IEA said in a monthly re»»»

OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit global demand growth in 2024, the International Energy Agency (IEA) said on Friday. Tighter supply driven by oil output cuts from OPEC and its allies, toge»»»