What Investors Should Note From IEA's Latest Oil Market Report

Zacks11-20 04:00

The latest report from the International Energy Agency (“IEA”) reveals significant shifts in the global oil market. Supply is increasing, but demand growth is slowing, with projections of a surplus by...

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Supply is increasing, but demand growth is slowing, with projections of a surplus by...</p>\n\n<a href=\"https://finance.yahoo.com/news/investors-note-ieas-latest-oil-200000301.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2133065610.SGD","symbol_name":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/investors-note-ieas-latest-oil-200000301.html","article_id":"2484901820","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/BjBWqXNowMotji7Nf31eew--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/09d03d5d41a4473656f1013d9201242c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484901820","pubTimestamp":1732046400,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The latest report from the International Energy Agency  reveals significant shifts in the global oil market. Supply is increasing, but demand growth is slowing, with projections of a surplus by 2025. The report highlights how economic uncertainties, changing energy preferences, and global events are shaping the market.Despite a cautious tone, the IEA’s report suggests that there are key opportunities in oil-focused investments, particularly as demand-supply imbalances create room for strategic gains.Those interested in the sector could benefit from focusing on resilient stocks like EOG Resources EOG, ExxonMobil XOM and Devon Energy DVN.The IEA notes that the rise of clean energy technologies and the global push for renewable energy are steadily reducing oil demand, especially in transportation and power generation. Weak economic conditions and the end of post-pandemic demand surges are further slowing growth.That said, there’s a silver lining. Demand for diesel and gasoil in OECD count","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","BK4211":"区域性银行","BK4566":"资本集团","USO":"美国原油ETF","IE00B2Q91V27.USD":"GUINNESS GLOBAL ENERGY \"C\" (USD) ACC","ISBC":"投资者银行","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4588":"碎股","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","EOG":"依欧格资源","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","LU1430597077.USD":"BGF NATURAL RESOURCES \"A\" (USD) INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","UCO":"二倍做多彭博原油ETF","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","SG9999002232.USD":"Allianz Global High Payout USD","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU1582986433.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) INC","SG9999002224.SGD":"Allianz Global High Payout SGD","LU1582987324.SGD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (SGDHDG) ACC","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU1150488218.USD":"First Eagle Amundi Income Builder AU2-MD USD","LU1582987597.SGD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (SGDHDG) INC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","SCO":"二倍做空彭博原油指数ETF","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","LU0654597011.USD":"BGF NATURAL RESOURCES \"A4G\" (USD) INC","BK4213":"石油与天然气的勘探与生产","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","BK4201":"综合性石油与天然气企业","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","DVN":"德文能源","IEA":"Infrastructure and Energy Alternatives, Inc.","LU0612318971.USD":"BGF NATURAL RESOURCES \"A5G\" (USD) INC","XOM":"埃克森美孚","LU0149725797.USD":"汇丰美国股市经济规模基金"},"translate_title":"投资者应从IEA最新石油市场报告中注意什么","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XOM":1,"EOG":1,"IEA":1,"ISBC":1,"USO":0.9,"DVN":0.9,"SCO":0.6,"UCO":0.6},"content_text":"The latest report from the International Energy Agency (“IEA”) reveals significant shifts in the global oil market. Supply is increasing, but demand growth is slowing, with projections of a surplus by 2025. The report highlights how economic uncertainties, changing energy preferences, and global events are shaping the market.Despite a cautious tone, the IEA’s report suggests that there are key opportunities in oil-focused investments, particularly as demand-supply imbalances create room for strategic gains.Those interested in the sector could benefit from focusing on resilient stocks like EOG Resources EOG, ExxonMobil XOM and Devon Energy DVN.\nSupply Rises While Demand Slows\nAccording to the IEA, global oil demand is expected to grow by 920,000 barrels per day (bpd) in 2024 and 990,000 bpd in 2025. This is a noticeable slowdown compared to the strong recovery after the pandemic. A major factor is China, the world’s largest oil importer, where demand growth is projected to drop significantly—from 1.4 million bpd in 2023 to just 140,000 bpd in 2024.On the other hand, oil supply is increasing. Countries outside the OPEC+ group, such as the United States, Canada, Guyana and Argentina, are expected to add 1.5 million bpd annually over the next two years. This growth could lead to a surplus of over 1 million bpd by 2025, even if OPEC+ continues its production cuts.\nDifferent Views: IEA vs. OPEC\nThe IEA’s cautious outlook differs from OPEC’s more optimistic predictions. While the IEA expects demand growth to stay below 1 million bpd in 2024 and 2025, OPEC forecasts growth of 1.82 million bpd in 2024 and 1.54 million bpd in 2025.OPEC has adjusted its forecast downward for four straight months, moving closer to the IEA’s perspective. However, it still anticipates stronger demand than the IEA, indicating differing views on economic recovery and a shift to cleaner energy.\nPressures From Clean Energy and Economic Trends\nThe IEA notes that the rise of clean energy technologies and the global push for renewable energy are steadily reducing oil demand, especially in transportation and power generation. Weak economic conditions and the end of post-pandemic demand surges are further slowing growth.That said, there’s a silver lining. Demand for diesel and gasoil in OECD countries has been stronger than expected, prompting the IEA to revise its 2024 forecast upward by 60,000 bpd.\nThe Road Ahead for Oil Markets\nDespite challenges, there is optimism for the oil market. An expected oversupply could help stabilize or reduce prices, benefiting energy-dependent economies. Additionally, investments in U.S. shale production and other global energy projects ensure reliable supply.We recommend keeping track of stocks like EOG Resources, ExxonMobil and Devon Energy. Each of these stocks currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.EOG Resources is a leading player in the Permian Basin, leveraging its extensive acreage in the prime Northern Delaware region. The company excels in cost control and technological innovation, such as Super Zipper fracs, enhancing operational efficiencies. With a strong focus on maximizing returns through strategic investments and partnerships, EOG continues to drive significant growth and value in the region.ExxonMobil is one of the largest publicly traded oil and gas companies in the world with operations that span almost every corner of the globe. Spring, TX-based ExxonMobil is fully integrated, meaning it participates in every aspect related to energy — from oil production, to refining and marketing.Devon Energy is an independent energy company whose oil and gas operations are mainly concentrated in the onshore areas of North America, primarily in the United States. The company’s assets are spread across the key oil assets of Delaware Basin, Eagle Ford, Anadarko Basin and Powder River Basin.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nDevon Energy Corporation (DVN) : Free Stock Analysis Report\nExxon Mobil Corporation (XOM) : Free Stock Analysis Report\nEOG Resources, Inc. (EOG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484901820"}