IEA Warns of 2025 Oil Supply Glut on Weak China Demand

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said. Toril Bosoni, head of the IEA’s oil markets division, discusses the agency’s monthly report on Bloomberg Television.

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