November 26, 2024 14:13 GMT
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.
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