Oil Shortage Looms as Demand Outpaces Supply by 2025

The International Energy Agency (IEA) forecasts a significant gap between oil demand and supply by 2025, predicting a shortfall exceeding 1 million barrels per day. The discrepancy persists despite production cuts by OPEC+. This projection highlights potential energy challenges in the near future.

The International Energy Agency (IEA) predicts a significant discrepancy between global oil demand and supply by 2025, forecasting a shortfall of over 1 million barrels per day. This gap is anticipated even if the OPEC+ cartel continues its production cuts.

The IEA's monthly oil market report released on Thursday highlights the impending challenges in balancing the global energy equation. These projections underscore the urgency in addressing the looming imbalance in the oil markets.

The energy sector must navigate this potential crisis, with strategic adjustments needed to mitigate the risks associated with declining oil availability. Industries and governments worldwide will be closely monitoring these developments to alleviate future economic disruptions.

(With inputs from agencies.)