World


IEA raises global oil demand growth forecast for 2025

Paris, Nov 13 (UNI/SPUTNIK) The International Energy Agency (IEA) has upgraded its forecast for global oil demand growth in 2025 to 790,000 barrels per day, and now expects demand at 103.884 million barrels per day, the organization said in its fresh report on Thursday.
"Accordingly, the non-OECD is set to remain the key driver of a global 2025 consumption increase of 790 kb/d y-o-y," the report read.
According to the updated data, global oil demand by the end of 2025 will amount to 103.884 million barrels per day.
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