The IEA sees an "untenable" crude surplus building in the remainder of 2025, while Opec takes a far more constructive view of market fundamentals.
The International Energy Agency (IEA) still sees a massive oil surplus building in the second half of 2025, while Opec is maintaining a far more constructive outlook for the market, despite recent plans to further unwind its production cuts in October.
The IEA and Opec have both lowered their forecasts for global oil demand in 2026, but the producer group sees a far more…
The physical market is showing a premium for spot cargoes despite oversupply, but the price structure can flip into contango in…
OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day.
Energy Intelligence sees such a large supply surplus next year that crude oil prices would need to flip into a significant…
Discussions at the Opec International Seminar in Vienna on Wednesday pushed the narrative that talk of "peak oil demand" has been…
The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.
