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Nakhle: Oil Demand Divergence Reflects Uncertainty
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Why This Matters
OPEC has revised its 3Q oil demand forecast from a deficit to a surplus due to higher-than-expected US production, reflecting market uncertainty.
Market Impact
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Sentiment
Neutral
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81%
Article Context
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OPEC has now flipped its estimate for global oil markets in 3Q from a deficit to a surplus, after US production exceeded expectations. The group raised estimates for supplies outside OPEC and its allies in the period by close to 900,000 barrels a day. Carole Nakhle, Crystol Energy CEO spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the oil outlook. (Source: Bloomberg)
Original article published by
Bloomberg
on November 13, 2025.
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