Marketplace All-in-One Too much oil, too little demand
Dec 1, 2025
Wendy Edelberg, a Senior Fellow at the Brookings Institution, dives into the economic repercussions of a low-immigration landscape, predicting lower job growth and a shrinking population. The discussion also touches on the surprising stability of oil supply amid low demand, driven by high production from several countries. Additionally, Wendy explores the implications of Zillow’s decision to remove climate risk labels from home listings, highlighting how this affects buyer awareness. It’s a fascinating exploration of current economic challenges!
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Global Oil Glut Lowers Prices
- Global oil supply is unusually high due to record production in the U.S., Brazil, Canada, and Norway.
- Tepid demand and rising EV adoption are pushing crude prices down around $60 a barrel.
Supply Wave From New Projects
- Multiple non-OPEC producers ramped up output from projects started years ago, creating a supply wave.
- OPEC+ struggles because many low-cost suppliers hit record production simultaneously.
Demand Weakness And EV Impact
- Weak demand is driven by a shaky global economy, especially in Europe and Asia.
- EV adoption is starting to reduce gasoline and diesel consumption, weighing on prices.
