6 days Ago By Reuters
LONDON, April 15 (Reuters) - The International Energy Agency (IEA) on Tuesday sharply cut its forecast for the growth in global oil demand this year due to escalating trade tensions, a day after a similar move by producer group OPEC. "The deteriorating outlook for the global economy amid the sudden sharp escalation in trade tensions in early April has prompted a downgrade to our forecast for oil demand growth this year," the IEA, which advises industrialised countries, said in a monthly report. Sign up here.
"Growth is expected to slow further in 2026, to 690,000 bpd, as lower oil prices only partly offset the weaker economic environment." Reporting by Alex Lawler, Editing by Kirsten Donovan Our Standards: The Thomson Reuters Trust Principles. , opens new tab.
