INSUBCONTINENT EXCLUSIVE:
As 2025 nears, the global oil market faces challenges from a predicted surplus and evolving automotive and energy trends.The International
Energy Agency IEA thinks oil demand will peak at 106 million barrels daily by 2030.Yet, BP sees this peak happening in 2025, at 102 million
These views point to slower oil use growth.Non-OPEC+ countries plan to pump more oil
The US, Guyana, Brazil, and Canada might push supply to 113.8 million barrels daily by 2030
This boost could outrun demand, possibly causing extra oil.OPEC+, with Saudi Arabia and Russia leading, has cut production until 2025 to
keep prices steady.But this may not stop too much oil
The group might need to make tough choices soon to stay in the game.EV Slowdown Meets Oil Oversupply: 2025 Forecast
(Photo Internet reproduction)At the same time, electric cars are hitting bumps
In 2024, big car makers are changing their EV plans.Toyota will make 30% fewer EVs through 2026 due to slow sales
They now aim for 1 million EVs by 2026, down from 1.5 million.Ford, GM, and Volkswagen have also changed their EV goals
Some are now focusing on hybrid cars as a middle step
Slower EV growth could keep oil demand high for longer
This might balance out some of the expected extra oil.EV Slowdown Meets Oil Oversupply: 2025 ForecastFor oil-making countries, especially
Saudi Arabia, money is a big worry
The kingdom needs oil at $100 a barrel to fund its big plans
Lower prices might force cuts to major projects, hurting its future dreams.S-P Global still sees too much oil possible in 2025
But the energy market is hard to predict
World events, new tech, or surprise money changes could shift these guesses.As 2025 gets closer, oil making, car tech, and energy use will
The possible extra oil means more than just market changes
It shows a complex shift in global energy patterns.How countries, businesses, and people handle these issues will matter a lot
The next few years will test oil countries, energy firms, and car makers
Their choices will affect our money and nature for a long time.
