IEA cuts 2025 world oil demand growth forecast on trade tensions

IEA cuts 2025 world oil demand growth forecast on trade tensions
# 15 April 2025 12:45 (UTC +04:00)

The International Energy Agency (IEA) on Tuesday sharply cut its forecast for the growth in global oil demand this year due to escalating trade tensions, a day after a similar move by producer group OPEC, APA reports, citing Reuters.

"The deteriorating outlook for the global economy amid the sudden sharp escalation in trade tensions in early April has prompted a downgrade to our forecast for oil demand growth this year," the IEA, which advises industrialised countries, said in a monthly report.

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