Oil surplus forces Brent down
2m
The International Energy Agency forecast oil production would exceed demand by over 4 million bpd, prompting Brent crude to fall to a five-month low and signaling a record 2026 surplus.
Our WEO analysis also shows that reducing policy uncertainty and lowering tariffs could lift global output by up to 0.7% in the near term. Clear trade rules and cooperation are more critical than ever. www.imf.org/en/Publicati...
World Economic Outlook, October 2025: Global Economy in Flux, Prospects Remain Dim
The latest World Economic Outlook reports a slowdown in global growth with risks remaining tilted to the downside. As new policies slowly come to focus, adjustment to the emerging landscape should be ...
www.imf.org
Reposted by François Heisbourg
Following the drone strikes, which hit more than 20 major refineries in Russia, oil refining volumes fell by approximately 10%, to 5 million barrels per day.
This led to disruptions in gasoline supplies, initially reported in the Far East and Crimea, and by October, affecting 57 regions.
This led to disruptions in gasoline supplies, initially reported in the Far East and Crimea, and by October, affecting 57 regions.