Global oil supply will exceed demand in 2025 even if Opec+ cuts remain in place, the International Energy Agency (IEA) said ...

The United States' production is growing, Brazil's production is growing, and Guyana's production is growing—as is Canada's. Together, the IEA tells us, this is enough to cover projected crude ...

LONDON, (Reuters) – The world is on the brink of a new age of electricity with fossil fuel demand set to peak by the end of the decade, meaning surplus oil and gas supplies could drive ...

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 ...

The International Energy Agency estimates "peaks in global demand for coal, oil and natural gas" will happen before 2030. Guyana's vice-president Bharrat Jagdeo presses on, having "rebuked pleas ...

Global oil markets could shift to a surplus in early 2024, as demand growth cools, the IEA said. This year has seen record ...

IEA said: The United States, Brazil, Guyana and Canada are set to account for most of the increase, boosting output by over 1 mb/d both years, which will more than cover expected demand growth.

Ever since the International Energy Agency first published its 2025 outlook ... non-OPEC additions in recent years — the US, Brazil, Guyana and Canada, with some boost also projected in Norway.

Nonetheless, oil supplies are climbing amid new output from the US, Brazil, Canada and Guyana, and there is a ... a level that the IEA expects will reach 8 million barrels by 2030.

However, the IEA still expects oil demand to grow ... particularly the United States, Brazil, Guyana, and Canada, which are projected to pump at record levels. Non-OPEC+ countries are predicted ...

The IEA forecasts non-OPEC growth at 1.5 million bpd this year and next, with higher production from the U.S., Guyana, Canada and Brazil - above the rate of demand growth. "Heightened oil supply ...

The IEA expects global spare crude oil production ... to come mainly from the Americas specifically the US, Brazil, Guyana and Canada. Meanwhile, India is expected to replace China as the driver ...