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Oil Consumption: IEA cuts growth in global oil demand on economic headwinds, record EV sales

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Oil Consumption

IEA cuts growth in global oil demand on economic headwinds, record EV sales

This story was originally published at 16:06 IST on May 15, 2025  Back
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The International Energy Agency expects growth in global crude oil demand to fall to 650,000 barrels per day for the remainder of 2025 because of economic headwinds and record sales of electric vehicles. It had expected global oil demand to grow by 990,000 barrels per day in the first quarter of 2025.

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