IEA's Updated Oil Forecast: Supply Surge Amid Tepid Demand
Published on: Aug. 13, 2025, 1:32 p.m. | Source: Devdiscourse
The International Energy Agency (IEA) has raised its oil supply growth forecast for the year, influenced by OPEC+'s production increase. Conversely, the agency has reduced its demand expectations, citing weak demand in major economies. The IEA now predicts a world oil supply rise of 2.5 million barrels per day by 2025.
