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Commodity Mid Session News

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(11 Apr 2025, 11:52)

Commodities Buzz: EIA lowers oil demand growth forecast amid global uncertainty

The EIA, in its latest Short-Term Energy Outlook, lowered its global oil demand growth forecast due to changing trade policies and rising uncertainty. It now expects oil consumption to rise by 0.9 million b/d in 2025 and 1.0 million b/d in 2026 — down by 0.4 million and 0.1 million b/d from last month’s estimates. The agency highlighted that recent updates to trade policies have widened the range of possible global GDP outcomes. This makes the oil demand outlook more uncertain. Slower economic growth and higher oil supply remain key factors behind the revision.
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