Financial Market News

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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The United States predicts a shortage in the global oil market in 2025

December, 11 2024

The US has revised down its expectations for oil reserves for next year, forecasting a slight deficit. According to the monthly report of the Energy Information Administration, in 2025, global oil consumption should exceed its production by 100,000 barrels per day. This is significantly different from the previous forecast, which assumed an excess of 300 thousand barrels per day.The forecast adjustment is related to the decision of OPEC+ to postpone the increase in supplies for three months... Read More

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