Oil Bowl 2025. The international energy agency projects global oil supply will exceed demand by over 1 million barrels per day in 2025. Crude oil demand to grow by 1.1 million barrels a day in 2025 from 840,000 barrels per day this year.

Crude oil demand to grow by 1.1 million barrels a day in 2025 from 840,000 barrels per day this year. Oil markets will swing into a surplus in 2025 even if opec+ were to delay returning output.