Oil Surplus Narrows for 2025 Amid New Supply Risks, IEA Says

1 day ago · IEA Sees Smaller Oil Surplus This Year on Risks to Supply. ... World inventories are set to expand by 725,000 barrels a day in 2025, rather than the 950,000 barrels a day projected before, the ...

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Surplus Anticipated In 2025 Global Oil Market | Oil & Gas Journal

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Jan 6, 2025 · Industrial natural gas consumption averaged 23.3 bcfd in 2024, 0.3% lower compared with the 2023 level and accounting for about 26% of total domestic gas …

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Five Things To Watch In Energy Markets In 2025 - OpenMarkets

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Jan 9, 2025 · The International Energy Agency (IEA) forecasts 2025 demand growth of one million barrels per day, a level that was similar to 2024. However, in 2025, more than 50% of …

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Natural Gas And Oil Forecast: Rising Supplies Cloud 2025 Outlook, …

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Dec 17, 2024 · Rising non-OPEC+ production may lead to a 950,000 bpd supply surplus in 2025, clouding the oil market outlook. Natural Gas struggles at $3.06, with key support at $3.01 and …

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HSBC Cuts Oil Price Forecasts For 2024 And 2025 – Oil & Gas 360

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Oct 1, 2024 · Crude Oil; Natural Gas; LNG; Coal; ... year that would push the market into surplus in 2025. ... Brent WTI Forecasts as of. 2024 2025 2024 2025 HSBC $79.6 $70 $75.7 $67 …

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EIA Expects Oil Prices To Be Under Pressure From Oversupply In …

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2 days ago · U.S. crude prices are expected to average $70 per barrel in 2025 and fall to $62 per barrel next year, said the EIA, the first time it is issuing an outlook for 2026.

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Gas Prices Will Fall As Global Oil Supply Outpaces Demand, EIA …

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22 hours ago · The EIA forecasts Brent crude will fall 8% to an average of $74 per barrel in 2025 and 11% to $66 per barrel next year as the global oil glut expands.

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Natural Gas And Oil Forecast: Supply Disruptions Could Drive Price ...

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Dec 24, 2024 · Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Rallies 3% As Traders Bet On Supply Disruptions Mon, 13 Jan 2025 18:41:33 GMT Gold, Silver, Platinum Forecasts – Gold …

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EIA Lifts Natural-gas Price Forecast, Expects Global Oil Supply …

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The EIA also lifted its 2025 forecasts for West Texas Intermediate crude by 1.7% to $70.31 a barrel and Brent crude by 1% to $74.31. Total world oil production for 2025 was forecast at …

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Oil Market 2025: Volatility Looms, 3 Resilient Stocks To Watch

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Jan 3, 2025 · Analysts forecast WTI crude to average at just over $70 in 2025. While supply growth and Chinese demand uncertainties weigh on the market, economic recovery in the …

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Natural Gas And Oil Forecast: Is OPEC+ Caution Supporting Brent’s ...

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7 hours ago · Geopolitical tensions and a 2M-barrel U.S. crude inventory drop drive oil prices higher, signaling tighter global supply. Natural gas faces bearish momentum, trading at $3.70 …

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FAQs about Oil Surplus Narrows for 2025 Amid New Supply Risks, IEA Says Coupon?

Why are gas prices lowering in 2025?

The lower gas prices largely reflect the agency's forecasts for lower crude oil prices amid a widening gap between oil supply and demand. The EIA forecasts Brent crude will fall 8% to an average of $74 per barrel in 2025 and 11% to $66 per barrel next year as the global oil glut expands. ...

Are global oil markets facing a smaller surplus this year?

Photo by Brandon Bell/Getty Images files Global oil markets face a smaller surplus this year than previously expected amid stronger demand and new risks to supply, the International Energy Agency (IEA) said. ...

Will global oil supply outstrip demand in 2025?

Next year, global oil demand is set to grow by 1.1 million bpd, lifting consumption to 103.9 million bpd, per the agency’s latest estimates. However, supply is set to outstrip demand. Total oil supply is on track to rise by 1.9 million bpd in 2025, to 104.8 million bpd, even in the absence of the unwinding of OPEC+ cuts, according to the agency. ...

What will China's oil demand look like in 2025?

The International Energy Agency (IEA) predicts that China’s oil demand will peak at 3.66 million bpd by 2025, marking a structural shift in the market. While emerging Asian economies are expected to offset some of this decline, global demand growth is projected at a modest 1.1 million bpd in 2025. ...

Will oil & gas prices rise in 2025?

These developments could exert downward pressure on oil and gas prices in the coming year, he went on to explain. Due to these factors FocusEconomics panelists have cut their forecast for average Brent prices in 2025 by 7.6 percent. Miller expects some volatility, but moreover resilience in the energy sector. ...