Marketplace Too much oil, too little demand
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Dec 1, 2025 Henry App, a Marketplace reporter specializing in energy markets, discusses the current oil supply dynamics, highlighting high production levels from countries like the U.S. and Brazil amid low demand. Wendy Edelberg, an economist at the Brookings Institution, paints a sobering picture of a no-immigration economy, emphasizing potential declines in job growth and productivity. They also examine Zillow's removal of climate risk data from home listings, the impact of shipping tariffs, and PepsiCo's new dye-free snack options.
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Oil Glut Driven By Multiple New Producers
- Global oil supply is unusually high due to record output from multiple non-OPEC producers.
- Tepid demand from a shaky global economy and rising EV adoption is keeping prices low.
New Projects Arrive All At Once
- U.S., Brazil, Canada and Norway have hit record or rising production after multi-year projects came online.
- Simultaneous new output from several countries compounds the supply surplus facing OPEC.
Weak Demand Is Pressuring Prices
- Weak demand is lowering crude prices and translating into cheaper gasoline for consumers.
- Clark Williams Derry links slower global growth and EV adoption to falling fuel demand.