Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and ...

To wit, StanChart has noted that global oil demand remains robust ... Meanwhile, the OPEC Secretariat forecast (not shown on the chart) remains unchanged at 2.25 million barrels per day since ...

As shown in the chart compiled by Bison Interests below ... Indeed, a report published late last year by the IEA itself projects global oil demand to peak in the 2030s, but to plateau there ...

[Stay on top of transportation news: Get TTNews in your inbox.] Global oil demand growth will slow during the remainder of 2025 after a robust first quarter due to “economic headwinds,” the ...

"Even with all the hype around Artificial Intelligence and data centers, we believe global energy consumption should grow below 3% YoY into 2030. In turn, oil use may struggle to grow above 1% ...

With Saudi Arabia and its allies intentionally reducing supplies, the global oil market is tightening significantly. IEA attributes the surge in oil demand to factors like robust summer air travel ...

Global oil demand growth slowed to its weakest in more than a year last quarter as the post-pandemic rebound in China fades, the International Energy Agency said. World consumption increased by ...

Despite war and ongoing geopolitical tensions in the Middle East and Europe, the United States is not in an energy crisis.

OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use. Global oil consumption will ...

LONDON (Reuters) - 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 ...

World oil demand in 2040 is expected to be on par with the current level as growing oil use in the next few years should be offset by declining consumption through late 2030s, global oil trader ...