The International Energy Agency (IEA) has revised down its forecast for global oil supply growth for this year, APA reports, citing the agency’s monthly report.
According to the forecast, global daily oil demand is expected to increase by 0.72 million barrels in 2025, reaching 103.76 million barrels, down from the previous estimate of 103.9 million barrels.
The report also notes that global daily oil demand growth in 2026 is expected to reach 0.74 million barrels.
