Free Trial

OIL: Comfortable Oil Markets Without Geopolitical Escalation: IEA

OIL

Oil markets will be "comfortable" this year and in 2025 without any major geopolitical escalation, according to IEA Executive Director Fatih Birol cited by Reuters.

  • "There will be plenty of oil and gas,” Birol said.
  • IEA sees global oil supply exceeding demand in 2025 even if OPEC+ cuts remain in place with rising U.S. and non-OPEC production outpacing sluggish demand.
58 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Oil markets will be "comfortable" this year and in 2025 without any major geopolitical escalation, according to IEA Executive Director Fatih Birol cited by Reuters.

  • "There will be plenty of oil and gas,” Birol said.
  • IEA sees global oil supply exceeding demand in 2025 even if OPEC+ cuts remain in place with rising U.S. and non-OPEC production outpacing sluggish demand.