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IEA Revises Global Oil Demand Growth Downward Amid Rising Trade Tensions
The New Indian Express Shivamogga
|April 16, 2025
GLOBAL oil demand growth projections for 2025 have been revised downward due to rising global trade tensions, according to a report by the International Energy Agency (IEA).
The Paris-based organisation forecasts growth of 730,000 barrels per day (kb/d), a reduction of 300 kb/d from the previous estimates. The downgrade reflects the impact of rising geopolitical uncertainty, with concerns over tariffs, conflicts, and supply chain disruptions weighing on global markets. As per IEA, these factors have undermined business confidence and are expected to curb energy consumption.
यह कहानी The New Indian Express Shivamogga के April 16, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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