IEA raises 2025 oil demand forecast slightly amid softer trade tensions and lower prices
Global oil demand is now projected to grow marginally more than previously expected in 2025, the International Energy Agency (IEA) said Thursday, citing easing trade tensions and a decline in crude prices as key factors supporting consumption.The Paris-based energy watchdog revised its oil demand growth forecast to 740,000 barrels per day (bpd) for the year,…