Oil pump jacks in Texas. The International Energy Agency expects production in the US, Canada and Brazil to hit its highest annual level next year. Reuters
Oil pump jacks in Texas. The International Energy Agency expects production in the US, Canada and Brazil to hit its highest annual level next year. Reuters

Business

Energy

Global oil supply set to outpace demand amid higher production, IEA says

The surge in new Covid cases is expected to 'temporarily slow' but not upend the recovery in demand

Fareed Rahman
Fareed Rahman

December 14, 2021