Abnormal movement alert | US oil main contract fell by 5%, petroleum stocks fell before the market, Exxon Mobil, occidental petroleum fell by nearly 3%
IEA predicts that the oil market will be oversupplied in 2025, leading to a decrease in international oil prices and a general decline in petroleum stocks.
Scotiabank Sticks to Its Buy Rating for Chevron (CVX)
Express News | Crude oil fell below $70 per barrel for the first time since October 3rd.
"Oil spokespersons" collectively turn pessimistic! IEA warns that there will be "overcapacity" of oil supply by 2025.
The International Energy Agency (IEA) said on Tuesday that a significant surplus will appear in the world oil market in the new year.
Oil Plunges as Iran Supply Fears Ease, Global Demand Outlook Worsens
IEA: Oil market to be in oversupply by 2025
The latest monthly report from the IEA shows that if OPEC+ maintains production unchanged, the oil market will still be oversupplied by 2025.