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