demand

Oil & Gas: IEA Sees Oil Investments Falling 6 Percent in 2025 on Lower Demand, Prices

Posted on by Mozambique Resources Post
Oil & Gas: IEA Sees Oil Investments Falling 6 Percent in 2025 on Lower Demand, Prices

Global oil investments are expected to drop 6 percent in 2025, in the first such decline in a decade excluding the year of the Covid slump, according to the International Energy Agency. “This decline in oil investment is driven by the economic uncertainties, the lower demand expectations, and lower prices,” IEA Executive Director Fatih Birol said in an interview as the agency published its annual World Energy Investment report. The drop is mostly the result of…

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Global Markets: IEA sees oil demand growth slowing as China’s share contracts

Posted on by Mozambique Resources Post
Global Markets: IEA sees oil demand growth slowing as China’s share contracts

LONDON, July 11 (Reuters) – Global oil demand growth will slow to just under a million barrels per day (bpd) this year and next, the International Energy Agency (IEA) said, as Chinese consumption contracted in the second quarter amid economic woes. Global demand in the second quarter rose by 710,000 bpd year on year in its lowest quarterly increase in over a year, the IEA wrote in its monthly oil report. “China’s pre-eminence (is) fading. Last year…

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Global Market: America to lead global oil supply growth, no peak demand in sight

Posted on by Mozambique Resources Post
Global Market: America to lead global oil supply growth, no peak demand in sight

The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the International Energy Agency’s annual oil market forecast. By the end of the forecast, oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply.

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