• 11/27/2024

IEA Raises Oil Supply Forecasts as U.S. Producers Counter OPEC+ Cuts

Wall Street Journal

The IEA said it expects oil supplies to rise by 1.5 million barrels a day next year but moderated its demand expectations, pointing to a more balanced oil market that could cap oil prices.

https://www.wsj.com/articles/iea-raises-oil-supply-forecasts-as-u-s-producers-counter-opec-cuts-a38d5e71