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IEA Cuts 2025 Oil Demand Growth Outlook Amid Rising Tariffs-Related Tensions
Lower Demand Outlooks Keep Lid on Oil Prices -- Market Talk
Global Oil Surplus to Persist in 2026 as Demand Sags, IEA Says
As trade tensions escalate, the IEA significantly lowers its forecast for Global oil demand growth in 2025.
The IEA has reduced the expected growth in oil demand for 2025 by 0.3 million barrels per day, to 0.73 million barrels per day. The Institutions also expect that the Global oil demand growth will further slow to 0.69 million barrels per day in 2026.
IEA Cuts Oil Demand Forecast as U.S. Tariff Weigh on Economic Growth -- Update