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IEA Forecasts Record Oil Surplus in 2024

1 min read
Source: Financial Times
TL;DR

The International Energy Agency (IEA) has indicated a "substantial surplus" of oil for this year due to a slowdown in demand growth, reflecting concerns about the impact of the Omicron variant on the global economy. This surplus is expected to put pressure on the energy market and could lead to challenges for oil-producing nations.

Topics:businessenergy#demand-growth#energy#energy-market#global-economy#iea#oil-surplus
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  1. IEA signals 'substantial surplus' of oil this year as demand growth slows  Financial Times
  2. Oil demand growth projected to slow down nearly 50% in 2024: IEA  Yahoo Finance
  3. Oil prices rise on global demand forecasts, US crude stock draw  CNBC
  4. IEA Raises Oil Demand Outlook for 2024 for Third Consecutive Month  OilPrice.com
  5. IEA expects record oil supply in 2024  AzerNews.Az

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