Newswatch: Opec May Condemn The World To An Oil Glut For Years

If OPEC doesn’t change its output ceiling, the global glut of oil is sure to stick around for a long time.

Topics:  opec   oil   glut   
BING NEWS:
  • The world could soon see a massive oil glut. Here's why.
    The International Energy Agency is predicting an oil glut by 2030 due to increased production and lower demand.
    06/12/2024 - 6:13 am | View Link
  • Peak oil demand before 2030 will usher in a major supply glut, the International Energy Agency says
    As global demand for oil plateaus this decade, heavy production will create a massive supply glut that could weigh on prices, the IEA said.
    06/12/2024 - 3:23 am | View Link
  • World faces ‘staggering’ excess of oil by end of decade, warns IEA
    The world will face a “staggering” excess of oil by the end of the decade, the International Energy Agency has said, as producers continue to plough money into new projects despite the shift to net ...
    06/12/2024 - 2:49 am | View Link
  • OPEC may soon lose its sway over global oil prices, IEA says
    A looming glut in global oil supply could “upend” attempts by the Organization of the Petroleum Exporting Countries and its allies, or OPEC+, to prop up prices by cutting production, according to the ...
    06/12/2024 - 2:39 am | View Link
  • IEA Sees Massive Oil Supply Glut at the End of This Decade
    Oil demand growth is set to slow in the coming years and global demand will peak in 2029, while rising production will lead to a major glut this decade ...
    06/12/2024 - 2:30 am | View Link
  • More

 

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