IEA forecasts global oil demand growth to slow to 650,000 bpd for remainder of 2025
LONDON : The International Energy Agency (IEA) on Thursday said that economic headwinds, combined with record sales of electric vehicles (EV), will reduce global oil demand growth to 650,000 barrels per day (bpd) for the remainder of 2025.
At that rate, demand growth will have slowed from the 990,000 bpd the IEA measured in the first quarter of this year, the Paris-based watchdog said.
"Increased trade uncertainty is expected to weigh on the world economy and, by extension, oil demand," the IEA said.
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