International Energy Agency oil industry and markets division head Toril Bosoni discusses the outlook for 2025 production as the agency sees oil markets face a smaller surplus this year than previously expected amid stronger demand and new risks to supply. “With Russian and Iranian supply at risk of disruption, there may be room for OPEC to unwinds cuts as they have signaled that they plan to do in 2025,” Bosoni told Bloomberg’s Francine Lacqua.
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