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IEA Warns of Oil Supply Surplus

September 12, 2025 Reported by AI

The International Energy Agency warned on September 11, 2025, that oil supply is set to outpace demand, raising risks of a surplus following OPEC+'s production hike. This assessment could impact global oil prices and energy markets.

Warning Details

  • Cause: OPEC+ output increase.
  • Risks: Potential market imbalance in coming months.

Global Context

The warning comes amid fluctuating demand forecasts and geopolitical tensions affecting energy supplies.