IEA's 2025 Oil Demand Forecast: A Decrease and an Expected Increase in Supply

The International Energy Agency (IEA) published its oil market report for October, providing a significant update on oil demand forecasts for 2025. According to the agency's data, global oil demand is expected to show an increase below expectations in 2025. This indicates that the growth in oil demand worldwide will occur at a slower pace.

According to the data in the report, the IEA has revised its global oil demand growth forecast for 2025 from 737 thousand barrels per day to 710 thousand barrels per day. With this revision, total demand is projected to reach an average of 103.8 million barrels per day.

The IEA's forecasts reflect the effects of market dynamics and geopolitical developments. The anticipated strong increase in supply has the potential to affect oil prices. As oil supply increases globally, this limited growth in demand could cause fluctuations in the markets.

Experts emphasize that this situation is critically important, especially in terms of energy security. The increase in supply from oil-producing countries, when combined with disruptions in the supply chain, could reduce the pressure of demand inflation. Additionally, the slowdown in demand may also accelerate the transition to renewable energy sources.

The IEA's report sheds important light on the energy sector, highlighting the need for investors and market players to be prepared for these changes in the oil market. Monitoring developments is vital for understanding how oil demand will evolve in the future.