Oil and Gas

IEA warns of oil surplus in 2025 despite OPEC+ delay

The International Energy Agency has said that the global oil markets will face a glut next year, despite OPEC+’s decision last week to delay supply increases. The IEA predicted in its monthly report that world markets will be oversupplied by 1.4 million barrels a day if OPEC+ follows through with plans to resume output in […]