IEA lowers global oil demand growth projection for the year ...Middle East

2024 global oil demand growth forecast lowered by 100k to 960k bpd2025 global oil demand growth forecast seen at 1 mil bpd amid muted economic outlookGlobal oil demand set to peak by 2029 at 105.6 mil bpdBy 2030, oil supply capacity will rise to nearly 114 mil bpd or 8 mil bpd above global demandAs an aside, the IEA forecasts have been largely conflicting with OPEC+ for a while now. The former remains more bearish on the oil market while the latter is taking on a more bullish outlook. This article was written by Justin Low at www.forexlive.com.

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IEA lowers global oil demand growth projection for the year ...Middle East

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