Category: global oil demand growth

IEA Cut Oil Demand Expectations for 2025

The International Energy Agency (IEA) announced that global oil demand growth forecast for 2025 has been revised down to 730,000 barrels per day (bbl/d), a decrease of 300,000 bbl/d from the March report. The agency said that this decline is due to the escalating trade tensions that left a negative impact on the economic outlook. […]

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