In your monthly market report of oil Published on Thursday, the International Energy Agency (IEE) cut the growth forecast of world demand for oil by 2025 to 730,000 barrels per day (b/d) from 1.03 million b/d.
Additional conclusions
- The global oil demand forecast by 2026 is estimated at 690,000 b/d.
- The world oil offer increased by 910,000 b/d year -on -year to 103.61
- The producers not belonging to the OPEC+ represented 890,000 b/d of the increase in the offer in March.
- The world oil supply is expected to add 950,000 b/d, exceeding demand.
- Producers not belonging to OPEC+ are expected to add 1.3 million B/D in 2025, reaching 54.4 million, led by the US.
- NO OPEC+ offer is expected to be robust in 2026, adding 920,000 b/d.
- The OPEC oil production in March fell 150,000 b/da 41.6 million b/d.
Market reaction
After the pessimistic report, the WTI remains 0.16% lower on the day about $ 61.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
