FXEM - EMPIRE MARKETS - Company New Article
To access the website's classic version and the new accounts, please click here
May 15, 2025
IEA cuts 2025 oil demand growth forecast
Economic pressure and clean energy shift curb demand
|
The International Energy Agency (IEA) released a new report today, Thursday, May 15, 2025, warning of a slowdown in global oil demand growth during the remainder of the year. The agency stated that demand growth could decline to around 650,000 barrels per day, significantly lower than previous estimates. This decline comes amid global economic pressures resulting from slowing growth in major economies, along with the impact of the continued expansion of electric vehicles, increased energy efficiency, and geopolitical shifts affecting supply chains. |
 |
The agency also explained that these forecasts pose a challenge to oil-producing countries seeking to balance markets amid sharp price fluctuations and fluctuating production in some sensitive regions.
Oil prices are expected to remain within a volatile range in the coming months, with markets monitoring any new indicators from OPEC or major economic data, particularly from China and the United States.