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Guyana

IEA Says OPEC+ Supply Delay Won't Prevent Oil Glut Next Year

World markets will be oversupplied by a hefty 1.4 million barrels a day if the group proceeds with plans to revive output starting in April, the IEA predicted in a monthly report.

By: Rigzone
  • Jan 11 2025
  • 6
  • 179 Views
IEA Says OPEC+ Supply Delay Won't Prevent Oil Glut Next Year
IEA Says OPEC+ Supply Delay Wo
Global oil markets face a glut next year despite last week’s decision by OPEC+ to delay supply increases, the International Energy Agency said.  World markets will be oversupplied by a hefty 1.4 mil… [+2353 chars]

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