IEA Stock

International Energy Agency oil industry and markets division head Toril Bosoni discusses the outlook for 2025 production as the agency sees oil markets face a smaller surplus this year than previously expected amid stronger demand and new risks to supply. “With Russian and Iranian supply at risk of disruption, there may be room for OPEC to unwinds cuts as they have signaled that they plan to do in 2025,” Bosoni told Bloomberg's Francine Lacqua.

The International Energy Agency has revised its global oil demand outlook slightly for 2025, projecting growth of 1.05 million barrels per day, down from the previously estimated 1.1 million barrels daily.

The International Energy Agency slightly lowered this year's global oil-demand outlook, but said it still expects growth to accelerate on lower prices and an improving economic outlook in developed countries.

Oil edged lower in early Asian trade as traders digested the IEA monthly report that said that the current market balance still indicated a 950,000 barrels a day supply surplus next year.

Oil prices face mixed signals: China's easing policies boost demand hopes, but IEA forecasts a 950,000 bpd surplus challenging OPEC+ strategies.

Oil rose in early Asian trade. Oil has priced in a little geopolitical risk premium on the tightening of sanctions against Russia by the U.S. while prospects of a Fed rate cut may also be boosting market sentiment, ANZ Research said.

Oil prices steady as IEA forecasts 2025 surplus; strong dollar and rising U.S. output add bearish sentiment to crude market outlook.

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said. Toril Bosoni, head of the IEA's oil markets division, discusses the agency's monthly report on Bloomberg Television.

The International Energy Agency raised its forecast for this year's oil-demand growth but slightly trimmed next year's estimates, citing the impact of China's economic slowdown on consumption.