IEA Warns of Oil Surplus in 2025 as Weaker Demand Puts Pressure on Producers, Nigeria Stands At Risk

The International Energy Agency (IEA) has warned that global oil supply may exceed demand by approximately 600,000 barrels per day (bpd) in 2025, posing a serious risk of oversupply in the market. In its latest Oil Markets Report, the agency also downgraded its demand growth estimates for 2025, citing underwhelming consumption data and economic uncertainty. [...]The post IEA Warns of Oil Surplus in 2025 as Weaker Demand Puts Pressure on Producers, Nigeria Stands At Risk appeared first on Tekedia.

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