IEA Warns of Larger Oil Glut Than Expected

Oil slides to five-month low as 'unusually bearish' IEA report forecasts bigger surplus

Crude oil futures fell to their lowest since May after the International Energy Agency said the oil market is facing an even larger surplus than previously anticipated.

IEA Warns of Larger Oil Glut Than Expected

The International Energy Agency warns that a looming global oil oversupply will be larger than previously anticipated due to soaring supply and subdued demand, leading to record supply overhang and surging oil stocks.

Oil settles down 1.5% on US-China trade tensions, IEA warning of glut

Oil prices fell on Tuesday, settling 1.5 per cent lower as the International Energy Agency warned of a huge supply glut in 2026, and as trade tensions persisted between the US and China, the...

The IEA Is Sounding the Alarm on a Major Oil Supply Glut. Sell Oil Here.

January micro WTI crude oil futures present a selling opportunity on more price weakness.