--- title: "Brent crude oil falls below the $65 mark! IEA just warned of a \"significant surplus,\" and the U.S. Energy Secretary calls for \"doubling production.\"" description: "The U.S. Secretary of Energy calls for a doubling of global crude oil production, combined with the IEA's maintenance of its severe supply surplus judgment for this year, significantly dampening marke" type: "news" locale: "en" url: "https://longbridge.com/en/news/273374763.md" published_at: "2026-01-22T12:49:35.000Z" --- # Brent crude oil falls below the $65 mark! IEA just warned of a "significant surplus," and the U.S. Energy Secretary calls for "doubling production." > The U.S. Secretary of Energy calls for a doubling of global crude oil production, combined with the IEA's maintenance of its severe supply surplus judgment for this year, significantly dampening market sentiment. Rising U.S. inventories, the return of supplies from Kazakhstan and Venezuela, and the recovery of Russian crude oil exports collectively amplify supply pressure; at the same time, the cooling of geopolitical risks further weakens support for oil prices International oil prices faced downward pressure on Thursday, with Brent crude oil once again falling below the key $65 mark. Bearish factors on the supply side dominated market sentiment, as the U.S. Energy Secretary called for a doubling of global oil production, coupled with warnings from the International Energy Agency about an oversupply this year, raising traders' concerns about the outlook for supply growth. WTI crude oil fell by 2% during the day, trading at $59.59 per barrel; Brent crude oil dropped by 1.5%, trading at $63.6 per barrel. The U.S. Energy Secretary stated that global oil production needs to be increased by double. Multiple bearish supply factors are being concentrated and released. According to the American Petroleum Institute, U.S. crude oil inventories increased by 3 million barrels last week; the repair of Kazakhstan's key Black Sea loading facilities is nearing completion, and export restrictions are about to be lifted; Venezuelan oil is returning to the global market; Indian refiner Reliance Industries is once again purchasing Russian oil. The International Energy Agency (IEA) raised its oil demand growth forecast on Wednesday but maintained its judgment that there will be a severe oversupply this year. Geopolitical risks have eased somewhat, as U.S. President Trump stated on Wednesday that he would postpone tariffs on Europe. ## Supply-side pressures are becoming evident The recovery of supply from multiple oil-producing countries is accelerating. The repair work on the Caspian Pipeline Consortium (CPC) Black Sea oil loading terminal in Kazakhstan is nearing completion, and the export restrictions from previous weeks are about to be lifted, allowing for the digestion of backlogged goods. Venezuelan oil shipments are returning to the global market. Indian refiner Reliance Industries is once again purchasing Russian oil, with delivery scheduled for February and March. According to data from the American Petroleum Institute, U.S. crude oil inventories increased by 3 million barrels last week. Official inventory data will be released later on Thursday. ## IEA maintains oversupply warning The International Energy Agency slightly raised its oil demand growth forecast on Wednesday but still maintained its judgment that there will be a severe oversupply this year. The agency provides energy policy recommendations to major economies. Oil prices briefly rose in early 2026, mainly supported by temporary turmoil in Iran, a major member of the Organization of the Petroleum Exporting Countries (OPEC), and disruptions in Kazakhstan's shipments. ## Easing geopolitical risks Geopolitical tensions have eased somewhat. U.S. President Trump stated on Wednesday that he would postpone tariffs on Europe, claiming a potential agreement framework has been reached regarding Greenland. Saxo Bank strategist Ole Sloth Hansen stated, "The geopolitical temperature has dropped a few degrees." However, he pointed out that given a series of unresolved supply threats, combined with cold weather boosting U.S. demand, oil prices may "remain firm." ### Related Stocks - [BNO.US - Us Brent Oil](https://longbridge.com/en/quote/BNO.US.md) - [SCO.US - Pro Ultrshrt Crude Oil](https://longbridge.com/en/quote/SCO.US.md) - [XOP.US - SPDR O&G Ex & Prd](https://longbridge.com/en/quote/XOP.US.md) - [USO.US - United States Oil Fund LP](https://longbridge.com/en/quote/USO.US.md) - [OIH.US - VanEck Oil Services ETF](https://longbridge.com/en/quote/OIH.US.md) - [IEO.US - iShares US Oil & Gas Expl & Prod](https://longbridge.com/en/quote/IEO.US.md) - [UCO.US - Pro Ultr Bloomberg Crude Oil](https://longbridge.com/en/quote/UCO.US.md) - [XLE.US - SPDR Energy Select](https://longbridge.com/en/quote/XLE.US.md) - [IXC.US - ISHRS S&P Glb Engy](https://longbridge.com/en/quote/IXC.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 由於美國與伊朗之間的緊張局勢，油價保持穩定 | 油價保持穩定，因為美國與伊朗之間的地緣政治緊張局勢提供了支撐。布倫特原油上漲 0.3%，至每桶 69.03 美元，而美國西德克薩斯中質原油上漲 0.4%，至 64.19 美元。美國與伊朗之間持續的核談判造成了不確定性，可能會導致該地區軍事存 | [Link](https://longbridge.com/en/news/275533007.md) | | 加拿大原油——西加拿大精選原油的折扣幅度擴大 | 西加拿大精選原油（WCS）對西德克薩斯中間基準原油（WTI）的折扣擴大至每桶 15.55 美元，較之前的 15.45 美元有所上升。這是自跨山管道擴建之前以來的最低交易水平。分析師指出，委內瑞拉石油產量的增加可能帶來競爭，預計到 2026 | [Link](https://longbridge.com/en/news/275520700.md) | | 加拿大 - 原油 - 西加拿大精選原油的折扣幅度持續擴大 | 西加拿大精選原油（WCS）對西德克薩斯中級原油（WTI）基準的折扣已擴大至每桶 15.45 美元，為 2024 年 7 月以來的最高水平。自 1 月以來，這一增幅超過 2 美元，主要歸因於美國總統特朗普推動委內瑞拉提高石油產量，這可能會與加 | [Link](https://longbridge.com/en/news/275371592.md) | | 由於美伊緊張局勢，交易員在權衡供應風險時，油價有所下滑 | 油價略微下跌，交易者評估美國與伊朗之間的供應風險。布倫特原油下跌 0.4%，至 68.79 美元，而美國西德克薩斯中質原油下跌 0.4%，至 64.13 美元。這是在美國指導船隻避免進入伊朗水域後，油價上漲的背景下發生的。霍爾木茲海峽對全球 | [Link](https://longbridge.com/en/news/275387329.md) | | 美國現貨原油——由於 WTI 和布倫特原油的價差依然較大，各個等級的價格變化不大 | 美國現金原油等級保持穩定，WTI/布倫特價差維持在 4.94 美元的負值。國際能源署指出，儘管由於美國對俄羅斯和伊朗石油的壓力，市場趨緊，但全球石油需求增長仍低於預期。路易斯安那輕質甜油保持在 1.50 美元的溢價不變，而火星酸油的折扣收窄 | [Link](https://longbridge.com/en/news/275824958.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.