China’s weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Tetra Pictures – Dan Bannister/Getty Pictures The oil market may see a surplus of 1 million barrels of crude a day in 2025, the IEA forecast. The surplus will likely be pushed by low demand in China and booming output from non-OPEC nations. Non-OPEC producers are on observe to increase manufacturing by 1.5 million barrels … Read more