IEA revises 2025 oil demand forecast upward

Photo: IEA/Facebook
Global oil demand surged in the first quarter of 2025, rising by 990,000 barrels per day year-on-year, according to the International Energy Agency. However, the IEA expects growth to slow for the remainder of the year, with full-year demand increasing by an average of 740,000 barrels per day.
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