# IEA sees well-supplied oil market despite slower shale growth | S&P Global

> The IEA's monthly report forecasts non-OPEC supply growth accelerating to 2.1 million b/d in 2020, with the US contribution slowing sharply. It expects the oil market to stay well supplied in the first half of 2020 with inventories building despite OPEC+ cuts.

- Date: 2020-01-16 · published 2020-01-16T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/54972-iea-sees-well-supplied-oil-market-despite-slower-shale-growth-s-and-p-global
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A well-supplied market with stock builds points to softer crude prices, lowering energy and fuel input costs for feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-10-11 | [OPEC says oil market well supplied, wary of 2019 surplus](https://feedsoft.ai/events/62457-opec-says-oil-market-well-supplied-wary-of-2019-surplus.md) | -4.2% | -14.8% |
| BRENT | 2024-09-12 | [Oil Market Report - September 2024 - IEA](https://feedsoft.ai/events/10167-oil-market-report-september-2024-iea.md) | +5.1% | +9.0% |
| BRENT | 2025-10-14 | [World oil market to see huge glut in 2026, IEA says \| Reuters](https://feedsoft.ai/events/22590-world-oil-market-to-see-huge-glut-in-2026-iea-says-reuters.md) | -4.5% | -0.3% |
| BRENT | 2025-10-01 | [World oil market to see higher surplus after OPEC+ hike, IEA says](https://feedsoft.ai/events/22773-world-oil-market-to-see-higher-surplus-after-opec-hike-iea-says.md) | -2.2% | -5.2% |
| BRENT | 2023-03-14 | [OPEC sees improved Chinese oil demand more than offset by resilient Russian output \| S&P Global](https://feedsoft.ai/events/36772-opec-sees-improved-chinese-oil-demand-more-than-offset-by-resilient-russian.md) | -8.9% | +7.8% |
| WTI | 2018-10-11 | [OPEC says oil market well supplied, wary of 2019 surplus](https://feedsoft.ai/events/62457-opec-says-oil-market-well-supplied-wary-of-2019-surplus.md) | -4.8% | -15.7% |
| WTI | 2024-09-12 | [Oil Market Report - September 2024 - IEA](https://feedsoft.ai/events/10167-oil-market-report-september-2024-iea.md) | +5.3% | +8.4% |
| WTI | 2025-10-14 | [World oil market to see huge glut in 2026, IEA says \| Reuters](https://feedsoft.ai/events/22590-world-oil-market-to-see-huge-glut-in-2026-iea-says-reuters.md) | -2.7% | +1.7% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/011620-iea-sees-well-supplied-oil-market-despite-slower-shale-growth

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.