The International Energy Agency (IEA) has raised concerns about a potential oversupply in the global oil market, warning that a surge in US-led production could outstrip demand by a staggering 8 million barrels per day by the year 2030.

Yahoo Finance's Ines Ferré breaks down the projection, shedding light on the factors contributing to this imbalance between supply and demand.

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This post was written by Angel Smith