Yhn EnvironmentEnergy first seen 3 d ago, last 1 h ago, peak #8
IEA warns of 4 million barrel-a-day oil glut
Original: Oversupply of oil could create glut of 4M barrels a day, says energy watchdog
The International Energy Agency warns global oil markets could face an oversupply of up to 4 million barrels a day, creating a significant glut. The forecast points to swelling inventories and downward pressure on prices as supply growth outpaces demand. Commenters on news forums are discussing what the surplus means for producers and energy prices.
Why now: A new IEA forecast of a large oil oversupply has implications for prices, producers and the energy transition debate.
International Energy AgencyOPECoil market
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