IEA Slightly Lifts Oil Demand Outlook

IEA Slightly Lifts Oil Demand Outlook, Says Supply Surplus Narrowing
The International Energy Agency modestly raised its forecast for global oil-demand growth and said improved compliance with output quotas among members of the OPEC+ alliance is reducing a projected supply surplus in the market.
IEA revises global oil supply forecast, cuts surplus by 50% amid sanctions, demand shifts
Concerns over supply constraints have supported oil prices, with Brent crude exceeding $80 per barrel in January before retreating below $75 following Trump's latest trade tariffs.
Oil Surplus Shrinks Again on Sanctions and Demand, IEA Says
The International Energy Agency once again slashed expectations for a global oil surplus this year amid stronger demand growth in Asia and sanctions on OPEC+ nations.
IEA Narrowly Lifts Oil-Demand Growth Outlook
KEY TAKEAWAYS The International Energy Agency on Thursday raised its projection for 2025 oil demand growth slightly, with China continuing to drive the increase—though at a smaller pace than in the past.
IEA says Russian oil output so far unaffected by latest US sanctions
Russian oil exports could be sustained if workarounds to the latest U.S. sanctions package are found, after Russian crude production rose slightly last month, the International Energy Agency (IEA) said in its latest oil market report.
IEA boosts 2025 oil demand forecast
International Energy Agency (IEA) raised its forecast for global oil demand growth in 2025, with an increased share of consumption coming from India a
US sanctions on Russian oil exports have yet to affect supply, says IEA
Fresh US sanctions on Russia’s oil exports have yet to impact supply, the International Energy Agency said on Thursday. “Fresh US sanctions on Russia and Iran roiled markets at the start of the year but they have yet to materially impact global oil supply,
Drill, Baby, Drill? Why Oil Producers Are Hesitant Despite Trump’s Push
Trump's 'Drill, Baby, Drill' push faces industry hesitation as oil producers prioritize profits over politics. Explore the ...
Oil prices to see little upside as weak demand, supply glut concerns persist
Sluggish demand from China and oversupply worries will keep oil prices anchored below $80 a barrel this year, a Reuters poll ...
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Oil sinks 2% after Trump calls Putin, Zelensky to discuss end to war in Ukraine
OIL prices settled down more than 2 per cent on Wednesday (Feb 12) after US President Donald Trump took the first big step ...
$640 billion annual investment needed to meet oil demand growth: OPEC Secretary-General
Haitham Al Ghais, Secretary-General of OPEC, said that investment needs in the oil sector will remain substantial to reliably meet the expected growth in oil demand, with cumulative investment ...
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JP Morgan Says Global Oil Demand 'Surged' to Over 101MM Bpd in January
The early signs are promising, hinting that this upward momentum will carry into February', analysts at J.P. Morgan said.
Vitol Expects Global Oil Demand in 2040 to Stay Similar to Current Levels -- OPIS
In its long-term oil demand outlook, Vitol said Monday that global oil demand could reach almost 110 million b/d at the end of 2030 and is likely to remain at that level until it begins to decline ...
OPEC Sticks to Oil-Demand View, Flags U.S. Trade Policy Risks
The cartel stuck to its oil-demand forecast after reaffirming plans to gradually hike output from April, but said Trump’s ...