Tag: Energy Agency

• Tuesday, October 21st 2025 - 08:26 UTC

  Oil heading below US$ 50 per barrel anticipates Energy Agency

  

  When oil prices in the international market are sliding faster than expected, already in the range of US$ 50 the barrel, the International Energy Agency, IEA in its latest report anticipated that because of soaring “supply and subdued demand”, oil oversupply will be larger than expected, both in 2025 and 2026. IEA warns that while demand growth is down, supply growth will lead to a record supply overhang, since oil stocks are already soaring, mainly that stockpiled in tankers in water.

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