IEA: Global oil demand to accelerate in 2025 despite economic uncertainty
Global oil demand is expected to grow by over 1 million b/d in 2025, up from 830,000 b/d in 2024, reaching a total of 103.9 million b/d, according to IEA data.
OPEC Maintains Oil-Demand Growth Forecasts Amid Tariff Uncertainty
The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and overall economic expansion over the next two years.
Barclays Slashes Oil Price Forecast on 500,000 Bpd Demand Growth Cut
Barclays sees Brent Crude prices at $74 per barrel this year, down by $9 from its previous forecast, as it slashed its global demand growth estimate in mounting economic uncertainties.
IEA Says Trade Tensions Weigh on Oil Demand, Warns of Supply Surplus
The International Energy Agency said the macroeconomic conditions underpinning its oil-demand projections have worsened over the past month due to global trade tensions.
IEA Narrowly Lifts Oil-Demand Growth Outlook
The International Energy Agency on Thursday raised its projection for 2025 oil demand growth slightly, with China continuing to drive the increase—though at a smaller pace than in the past.
Oil Demand Threatened by Trade War, Tariffs: IEA
You and the team write that macro conditions that underpin our oil demand projections deteriorated over the past month as trade tensions escalated. What is your estimation in just how harmful some of the tariffs,
IEA’s hard line on oil glut clashes with Opec forecast
The International Energy Agency (IEA) has said US tariffs will contribute to a decline in global oil demand growth this year, once again contrasting with Opec’s more optimistic forecast. In a monthly report published on Thursday the IEA forecast that oil demand would grow by 1 million barrels per day (bpd) in 2025,
Oil News: Will Rising Supply and Weak Demand Keep Prices Under Pressure?
Oil futures face downside risks as U.S. output climbs and OPEC+ remains flexible. Will geopolitical tensions disrupt supply ...
Oil settles down more than 1% on tariff worry, supply-demand expectations
Oil prices fell over 1% on Thursday as markets weighed macroeconomic concerns, including the risk that tariff wars between ...
Oil slides as IEA sees trade tensions weighing on oil demand while supply surplus rises
Crude oil fell, with market sentiment weighed by concerns over the potential economic impact of trade tariffs along with a ...
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Oil News: China’s $411B Stimulus to Drive Oil Demand and Price Growth
Strength in U.S. economic indicators continues to drive oil demand expectations ... specializing in chart patterns and price movement. He is the author of two books on technical analysis and ...
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Oil Prices Set for Weekly Gain Despite Demand Uncertainty
Oil prices are set for the first weekly gain in a month despite continued uncertainty over demand due to Trump's trade wars.
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Oil Buoyed as Bullish US Figures Ease Concern About Weak Demand
(Bloomberg) -- Oil extended gains as a stream of bullish data out of the US pointed to resilient domestic demand, even as trade strife continued to weigh on sentiment. West Texas Intermediate rose ...
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Oil prices firm on geopolitical risks, but demand worries persist
Crude oil futures inched up, recovering some of the losses from the previous session due to ongoing geopolitical risks, particularly in Eastern Europe.Despite Russian President Putin’s conditional ...