you are currently viewing::IEA-Oil Market Report-April 2025April 15, 2025--Highlights
World oil supply rose by 590 kb/d to 103.6 mb/d in March, up 910 kb/d y-o-y, with non-OPEC+ leading both monthly and annual gains. OPEC+ will lift output targets by 411 kb/d in May, but the increase may be substantially lower given overproduction by some countries. Global supply growth for 2025 has been cut by 260 kb/d to 1.2 mb/d, due to a decrease in US and Venezuelan output. Production in 2026 is set to rise by 960 kb/d, with offshore projects taking the lead. Global crude runs are forecast to average 83.2 mb/d this year, as demand growth expectations cut the projected annual increase by 230 kb/d to 340 kb/d. In 2026, throughputs are set to rise by 360 kb/d to 83.6 mb/d. Refining margins were mixed in March, with declines in the Atlantic Basin but gains for processing sour crude in Singapore. Weaker middle distillate cracks drove much of last month's decline in profitability. Source: International Energy Agency (IEA) |
June 14, 2025--The global economy is facing substantial headwinds, emanating largely from an increase in trade tensions and heightened global policy uncertainty.
For emerging market and developing economies (EMDEs), the weak outlook limits their ability to boost job creation and reduce extreme poverty. This challenging context is compounded by subdued foreign direct investment into EMDEs.
June 12, 2025--Greater debt transparency builds investor confidence, helps reduce borrowing costs, and strengthens debt sustainability-reducing the risk of shocks that can lead to a debt crisis
Public debt is projected to reach nearly 100 percent of global gross domestic product by the end of this decade, surpassing even pandemic-level highs.
June 10, 2025--2025 Growth Forecasts Cut for 70 Percent of Economies
Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank's latest Global Economic Prospects report.
June 3, 2025--Stalled trade integration and rising tariffs are testing global economic resilience
For decades, world trade expanded rapidly as countries lowered tariffs and embraced globalization. Tariff rates fell dramatically worldwide, converging toward the low levels of the United States.
May 29, 2025--Fiscal Policy under mounting uncertainty means government budgets need resilience-particularly in countries whose economic weight makes them influence global trends
Global public debt could increase to 100 percent of global gross domestic product by the end of the decade if current trends continue, according to projections in our latest Fiscal Monitor.
May 28, 2025--A majority of surveyed economists see current US economic policy as having a lasting global impact, with 87% expecting it to delay strategic business decisions and heighten recession risks.
The growth outlook is divided, with weak prospects in North America, resilience in Asia-Pacific and cautious optimism in Europe.
May 21, 2025--Policymakers should broaden central clearing and monitor market-making, including by nonbank financial institutions, while dealers must continue to build resilience
The smooth functioning of government bond markets is important for the safety and soundness of broader capital markets, especially amid heightened financial market volatility.
May 21, 2025--Tokenization offers a new model of digital asset ownership that enhances transparency, efficiency and accessibility. This report analyses asset class use cases in issuance, securities financing and asset management, identifying factors that enable successful tokenization implementation.
May 13, 2025--UBS says its wealthy clients are pulling money out of U.S.-dollar assets and shifting their investments to gold- crypto, and Chinese markets over trade tensions and a volatile global economy.
May 13, 2025--Trackinsight, in partnership with J.P. Morgan Asset Management and S&P Dow Jones Indices, is proud to announce the launch of its sixth annual global ETF survey report: ETF Industry on Overdrive: Shifting Gears, Breaking New Barriers.