Top Insights
IEA raises world oil demand growth forecast for next year
globalreutersDecember 12, 20241 Mins read - 2024 world oil demand growth forecast seen at 840k bpd (previously 920k bpd)
- 2025 world oil demand growth forecast seen at 1.1 mil bpd (previously 990k bpd)
Despite lifting the forecast for next year, IEA says that the oil market will remain comfortably supplied in 2025. On the revision higher, they cite China stimulus measures as being the key factor. Just keep in mind while the revision for next year contradicts with OPEC’s latest revision, it is more so the fact that the baseline for the forecasts by OPEC were exorbitantly high to begin with.
This article was written by Justin Low at www.forexlive.com.
Related Articles
How To Predict Forex Price Movements Accurately
Struggling to predict forex price movements? The foreign exchange market trades over...
A technical view of the major currency pairs going into the new trading week
EURUSD:USDJPY:GBPUSD:USDCHF:USDCAD:AUDUSD:NZDUSD: This article was written by Greg Michalowski at www.forexlive.com.
Greenland, Canada and the Panama Canal: What is the real plan here?
Here is my base case.Greenland:This is a real pet project of Trump's....
Trend Continuation Factor and Hurst Exponent Forex Trading Strategy
The Trend Continuation Factor and Hurst Exponent Forex trading strategy is a...
Leave a comment