IEA Oil Glut

Do not buy oil. 

IEA Oil Supply and Demand

Oil is getting worse. 

Due to oil on water.

Production still needs to rise.

IEA Oil Supply and Demand

Oil is going to drop hard. 

IEA Oil Supply and Demand

Oil should drop. 

Update Feb 2025:

Oil surplus in 2025

It's still not the moment to buy energy. 

Update: 12-dec-2024

IEA Oil Demand

Oil demand is going to flatten. 

Moreover, Citi analysts predict a drop in oil prices, with a forecast of $60 per barrel in 2025. This represents a potential decline of over 20% compared to current market expectations.

China is already cutting oil refining capacity.

Oil demand

Oil demand is rising.

Update 16-May-2023

IEA oil supply and demand

It's looking good for oil. 

The secretary general of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais said oil demand is projected to rise further to reach 110 million barrels per day by 2025, according to Reuters.

15 February

15 March