IEA Forecasts Reduced Oil Demand and Increased Supplies for 2025

Thursday, 11 July 2024, 09:53
The International Energy Agency (IEA) has adjusted its oil-demand forecast for 2025, predicting a lower demand trajectory, while also anticipating an uptick in global oil supplies for the upcoming year. This shift in outlook reflects the ongoing dynamics within the oil market, with implications for both producers and consumers worldwide. The IEA's projections shed light on the evolving landscape of the oil industry, highlighting the delicate balance between demand and supply in the coming years.
MarketWatch
IEA Forecasts Reduced Oil Demand and Increased Supplies for 2025

IEA Trims Oil-Demand Outlook

Forecast for 2025 and Beyond

The International Energy Agency (IEA) has revised its projections concerning the future of oil demand, signaling a shift in the market dynamics. The organization anticipates reduced demand for oil by 2025, coinciding with a projected rise in global supplies in the near term.

  • This adjustment in the outlook can have significant ramifications for oil producers and consumers globally.
  • The shifting landscape underscores the interplay between supply and demand in the oil market.
  • The IEA's insights offer valuable perspective on the future trajectory of the oil industry.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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