# IEA projected oil supply capacity would outpace demand growth by 2030

Date: 2024

_No public text on this fact yet._

## Drivers

- Global Oil-Market Balance: https://factrail.ai/drivers/global-oil-market-balance

## Sources

_Sources are listed on the canonical page._

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/iea-oil-2024-projects-large-supply-capacity-cushion