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Oil glut to persist till 2026 as IEA cuts demand forecast
Business Standard
|April 16, 2025
The International Energy Agency (IEA) slashed forecasts for global oil demand this year amid the brewing trade war, and in its first detailed assessment of 2026 predicted a persistent supply surplus.
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The adviser to major economies chopped projections for 2025 demand growth by a hefty 300,000 barrels a day—or almost a third—to 730,000 barrels a day, according to a monthly report on Tuesday. Half of the reduction was concentrated in the US and China, which are engaged in a full-blown trade war. The downgrade from the agency—which is closely-watched by traders and policy
यह कहानी Business Standard के April 16, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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