IEA forecasts considerable but slightly smaller oversupply – Commerzbank
The IEA now expects a smaller—but still hefty—Oil surplus in 2025, as softer OPEC+ output and firmer demand narrow the gap. Yet with the bloc producing well above requirements, prices continue to drift lower despite the report’s modest positives, Commerzbank’s commodity analyst Carsten Fritsch notes. OPEC+ output slippage narrows imbalance “The International Energy Agency continues …
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