Global oil demand 'clings by a thread' and even AI might not do much to boost crude
Global oil demand is slowing and will peak by 2030, Bank of America estimates.Even the rollout of power-intensive AI infrastructure won't change this.Appetite for crude will slow as global GDP declines and the green transition continues.
OPEC sticks to 2025, 2026 global oil demand growth forecasts
OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential trade tariffs were not expected to impact economic growth.
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
$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 requirements estimated at $17.
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 trade policy is injecting a dose of uncertainty into markets.
OPEC Maintains Oil Demand Growth Outlooks, Flags Tariff Uncertainty
The Organization of the Petroleum Exporting Countries on Wednesday maintained its global oil demand projections for 2025 and 2026, while flagging uncertainty from the impact of potential tariffs. The cartel continues to expect world oil demand to grow by 1.
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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 ...
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 ...
Oil sinks 2% after Trump calls Putin, Zelenskiy to discuss end to war in Ukraine
Oil prices settled down more than 2% on Wednesday after U.S. President Donald Trump took the first big step toward diplomacy ...
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.
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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.
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 ...
India’s gasoline demand may rise sharply in 2025-26: report
The demand for transportation fuel in India is projected to increase by 6%-8% in fiscal year 2026 on a rise in vehicle sales.
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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 ...