World faces oil surplus in 2025 on weak demand, IEA says citing Guyana and other producers – Carib Vibe Radio

World faces oil surplus in 2025 on weak demand, IEA says citing Guyana and other producers

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LONDON, (Reuters) – Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said yesterday, as rising production from the United States and other outside producers outpaces sluggish demand.

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