IEA Sees Oil Surplus Narrowing in 2025 Amid Supply Risks

The transcript discusses the potential for OPEC Plus to restore oil supply due to increased demand growth, particularly in colder weather conditions. It highlights the expected supply growth from non-OPEC countries and the potential impact of Russian and Iranian supply disruptions. The US is projected to be the largest source of oil supply growth by 2025, although the growth rate has slowed. The impact of the Trump administration's policies on oil production is uncertain, but the US is still expected to see significant supply increases.

What factors contributed to the increase in demand growth for oil in the fourth quarter and 2024?

How much is the expected supply growth from non-OPEC countries in 2025?

What is the current spare capacity of OPEC Plus as mentioned in the text?

What impact do policy decisions have on oil supply in the short term according to the text?

What is the expected increase in oil supply in the United States for 2025?