Mumbai, June 17 -- The International Energy Agency or IEA has stated in a latest update that as Israel-Iran conflict focuses attention on immediate energy security risks, new IEA medium-term outlook sees global oil supply increase set to far outpace demand growth in coming years. With intensifying geopolitical strains and heightened uncertainty about global economic prospects, oil markets are undergoing structural changes as the key drivers of supply and demand growth of the past 15 years start to fade, according to the latest edition of the IEA's medium-term outlook.
IEA's Oil 2025 report provides in-depth analysis of the latest data and forecasts for evolving oil supply, demand, refining and trade dynamics through to 2030. It highlights ...