Oil Surplus Expected in 2025 Amid Lower Demand, IEA Predicts
by Global oil markets are headed toward a significant surplus in 2025, according to the International Energy Agency (IEA). The forecast, which emerged as part of …
Tag: Surplus
OPEC+ Extends Production Cuts to Avert Immediate Oil Surplus
OPEC+ has opted to prolong its production restraint by two months to prevent a looming oil surplus this year. This decision comes as economic indicators …
UAE Government Posts First Quarter Surplus
The United Arab Emirates (UAE) Ministry of Finance revealed a positive financial performance for the first quarter of 2023. The government recorded a surplus after …