Global Oil Inventories Forecast to Rise on Softer Demand, Higher OPEC+ Supply -- Market Talk

Dow Jones

Sep 16

1456 GMT - Tight OECD commercial oil inventories have given OPEC+ some leeway to boost output, but softer global demand and higher OPEC+ supply are expected to drive a sharp build in inventories, says Capital Economics' Hamad Hussain. While OECD commercial oil stocks remain below the five-year average, inventories in China appear to be rapidly rising. Meanwhile, high estimates of oil stocks on water suggest the market might not be as tight as implied. "The biggest 'known unknown' is whether China may pick up or slow the pace of strategic stockpiling," the economist says. Capital Economics expects OECD commercial oil inventories rising towards 2016 levels by the end of next year, and forecasts Brent to fall to $60 a barrel by the end of 2025 and $50 a barrel by the end of 2026. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

September 16, 2025 10:56 ET (14:56 GMT)

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While OECD commercial oil stocks remain below the five-year average, inventories in China appear to be rapidly rising. Meanwhile, high estimates of oil stocks on water suggest the market might not be as tight as implied. \"The biggest 'known unknown' is whether China may pick up or slow the pace of strategic stockpiling,\" the economist says. Capital Economics expects OECD commercial oil inventories rising towards 2016 levels by the end of next year, and forecasts Brent to fall to $60 a barrel by the end of 2025 and $50 a barrel by the end of 2026. (giulia.petroni@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 16, 2025 10:56 ET (14:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global Oil Inventories Forecast to Rise on Softer Demand, Higher OPEC+ Supply -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal Oil Inventories Forecast to Rise on Softer Demand, Higher OPEC+ Supply -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-16 22:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1456 GMT - Tight OECD commercial oil inventories have given OPEC+ some leeway to boost output, but softer global demand and higher OPEC+ supply are expected to drive a sharp build in inventories, says Capital Economics' Hamad Hussain. While OECD commercial oil stocks remain below the five-year average, inventories in China appear to be rapidly rising. Meanwhile, high estimates of oil stocks on water suggest the market might not be as tight as implied. \"The biggest 'known unknown' is whether China may pick up or slow the pace of strategic stockpiling,\" the economist says. Capital Economics expects OECD commercial oil inventories rising towards 2016 levels by the end of next year, and forecasts Brent to fall to $60 a barrel by the end of 2025 and $50 a barrel by the end of 2026. (giulia.petroni@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 16, 2025 10:56 ET (14:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SCO","symbol_name":"二倍做空彭博原油指数ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2567893794","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2567893794","pubTimestamp":1758034560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1456 GMT - Tight OECD commercial oil inventories have given OPEC+ some leeway to boost output, but softer global demand and higher OPEC+ supply are expected to drive a sharp build in inventories, says Capital Economics' Hamad Hussain. While OECD commercial oil stocks remain below the five-year average, inventories in China appear to be rapidly rising. Meanwhile, high estimates of oil stocks on water suggest the market might not be as tight as implied. \"The biggest 'known unknown' is whether China may pick up or slow the pace of strategic stockpiling,\" the economist says. Capital Economics expects OECD commercial oil inventories rising towards 2016 levels by the end of next year, and forecasts Brent to fall to $60 a barrel by the end of 2025 and $50 a barrel by the end of 2026. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","BK4585":"ETF&股票定投概念","BK4570":"地缘局势概念股","USO":"美国原油ETF","DDG":"ProShares做空石油与天然气ETF","BK4588":"碎股","DWT":"三倍做空原油ETN","UCO":"二倍做多彭博原油ETF"},"translate_title":"由于需求疲软和欧佩克+供应增加，全球石油库存预计将上升——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DDG":0.6,"DUG":0.6,"DWT":0.6,"BZmain":0.6,"CLmain":0.7,"QMmain":1.5,"SCO":1.5,"UCO":1.5,"USO":1.5},"content_text":"1456 GMT - Tight OECD commercial oil inventories have given OPEC+ some leeway to boost output, but softer global demand and higher OPEC+ supply are expected to drive a sharp build in inventories, says Capital Economics' Hamad Hussain. While OECD commercial oil stocks remain below the five-year average, inventories in China appear to be rapidly rising. Meanwhile, high estimates of oil stocks on water suggest the market might not be as tight as implied. \"The biggest 'known unknown' is whether China may pick up or slow the pace of strategic stockpiling,\" the economist says. Capital Economics expects OECD commercial oil inventories rising towards 2016 levels by the end of next year, and forecasts Brent to fall to $60 a barrel by the end of 2025 and $50 a barrel by the end of 2026. (giulia.petroni@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 16, 2025 10:56 ET (14:56 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}