IEA's Demand Revision Erases 3 Years of Oil Stockbuilds, Exposes 295M-Barrel Inventory Swing

IEA's Demand Revision Erases 3 Years of Oil Stockbuilds, Exposes 295M-Barrel Inventory Swing

The International Energy Agency has upended oil market narratives with a sweeping revision to historical demand data, erasing three years of perceived inventory growth and exposing a 295-million-barrel swing in global stockpile dynamics. The agency now estimates a net drawdown of 74.6 million barrels from 2022–2024, reversing its prior forecast of a 220-million-barrel stockbuild. This […]

Economic Headwinds and EVs Curb Oil Demand, Says IEA’s Latest Market Report - mfame.guru

The International Energy Agency’s (IEA) Oil Market Report (OMR) is widely recognized as one of the most reliable and up-to-date sources of information, forecasts, and in-depth analysis concerning the global oil market, reports the IEA. Key Highlights  Global Oil Demand: Oil demand growth is projected to decelerate from 990 kilobarrels per day (kb/d) in the first quarter of 2025 to 650 kb/d for the rest of the year. The average demand growth is …