IEA slashes world oil demand progress forecast amid commerce tensions
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- 2025 world oil demand progress forecast reduce to 730ok bpd (beforehand 1.03 mil bpd)
- 2026 world oil demand progress forecast seen at 690ok bpd
On the similar time, the company can also be seeing weaker provide with the forecast for the 12 months being at 1.2 mil bpd (down by 260ok bpd) attributable to a lower in US and Venezuelan output. From yesterday: OPEC lows its demand progress forecast this 12 months
This text was written by Justin Low at www.ubaidahsan.com.
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