IEA forecasts global oil demand growth to slow to 650,000 bpd for remainder of 2025

Reuters

Thu, May 15, 2025, 1:06 AM

LONDON (Reuters) - The International Energy Agency (IEA) connected Thursday said that economical headwinds, combined with grounds income of electrical vehicles (EV), volition trim planetary lipid request maturation to 650,000 barrels per time (bpd) for the remainder of 2025.

At that rate, request maturation volition person slowed from the 990,000 bpd the IEA measured successful the archetypal 4th of this year, the Paris-based watchdog said.

"Increased commercialized uncertainty is expected to measurement connected the satellite system and, by extension, lipid demand," the IEA said.

(Reporting by Robert Harvey; Editing by Tomasz Janowski)