IEA slashes world oil demand growth forecast amid trade tensions

• 2025 world oil demand growth forecast cut to 730k bpd (previously 1.03 mil bpd)
• 2026 world oil demand growth forecast seen at 690k bpd

At the same time, the agency is also seeing weaker supply with the forecast for the year being at 1.2 mil bpd (down by 260k bpd) due to a decrease in US and Venezuelan output. From yesterday: OPEC lows its demand growth forecast this year

This article was written by Justin Low at www.forexlive.com.