Oil Market Forecasts: IEA and Opec at Odds

Just saw this article on oil markets – the IEA and Opec have totally different views for 2024! IEA forecasts a surplus with weaker demand, while Opex predicts stronger growth. With geopolitical risks and demand shifting to aviation and shipping, it's a shaky outlook, but Opec's spare capacity could help manage surprises. #OilNews #EconomyUpdate https://www.thenationalnews.com/business/energy/2026/02/16/why-the-iea-and-opec-are-split-on-what-comes-next-for-oil/