Global oil demand is expected to grow by over 1 million b/d in 2025, up from 830,000 b/d in 2024, reaching a total of 103.9 million b/d, according to IEA data.
As oil production gradually increases and global oil demand growth remains relatively weak, global oil inventories are expected to rise, exerting downward pressure on prices.
US oil tariffs enacted by the Trump administration on Canada and Mexico would lead to a ‘significant shift in crude flows in North America,’ as higher prices push a portion of...
In this Market Focus episode of the Oil & Gas Journal ReEnterprised podcast, Conglin Xu, Managing Editor - Economics, discusses recent US actions to slash Russian oil and gas ...
