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The IEA November Oil Market Report says world oil demand grew 920 kb/d in 3Q25, led by China, and forecasts 770 kb/d of growth in 2026. Global supply rose 6.2 mb/d since January, and it forecasts supply rising 2.5 mb/d in 2026.
Supply growth expected to outpace demand growth in 2026 points to a surplus that pressures crude prices, lowering energy costs for feed and grain logistics.
iea.orgNov 13, 2025After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.
After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
