Non-Opec supply growth and falling demand will exacerbate surplus oil glut, predicts IEA

Group forecasts as much as 8 million bpd of excess capacity by 2030

International Energy Agency executive director Fatih Birol.
International Energy Agency executive director Fatih Birol.Photo: RUSSELL MCCULLEY/UPSTREAM
Published 12 June 2024, 11:27Updated 12 June 2024, 14:36