Hamad Hussain
@hamadhussain.bsky.social
Climate & Commodities Economist at Capital Economics | oil, gold and the green transition
The reintroduction of the Current Policies Scenarios is grabbing headlines but it's worth remembering that it is just a scenario and is one that doesn't seem very likely, especially when it comes to oil demand.
Oil and gas demand to rise for 25 years without global change of course, says IEA on.ft.com/49bcQG1
Oil and gas demand to rise for 25 years without global change of course, says IEA
International energy watchdog sets out new pessimistic scenario to reflect fading commitment to climate change
on.ft.com
November 12, 2025 at 10:01 AM
The reintroduction of the Current Policies Scenarios is grabbing headlines but it's worth remembering that it is just a scenario and is one that doesn't seem very likely, especially when it comes to oil demand.
The oil glut on water appears to be topping out at very high levels. While some of the increase is structural as sanctions distort trade flows, a large part of the surge was probably driven by increased OPEC+ exports still making their way to the market. Expect a chunky oil market surplus in Q4.
November 10, 2025 at 2:19 PM
The oil glut on water appears to be topping out at very high levels. While some of the increase is structural as sanctions distort trade flows, a large part of the surge was probably driven by increased OPEC+ exports still making their way to the market. Expect a chunky oil market surplus in Q4.