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Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said.


  • Nov 14 2024
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Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
(Bloomberg) — Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said. Read More

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