Tue Apr 15 10:42:40 UTC 2025: ## IEA Cuts Global Oil Demand Forecast Amidst Escalating Trade Tensions

**London, April 15, 2025** – The International Energy Agency (IEA) significantly lowered its projection for global oil demand growth in 2025, citing escalating international trade tensions as a major contributing factor. This follows a similar downward revision by OPEC the previous day.

In its monthly report released Tuesday, the IEA attributed the reduced forecast to a worsening global economic outlook triggered by the recent sharp increase in trade conflicts. The agency anticipates further slowdown in oil demand growth in 2026, projecting a rise of only 690,000 barrels per day. While lower oil prices are expected to partially offset the impact of weaker economic conditions, the overall outlook remains subdued. The IEA advises industrialized nations on energy policy.

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