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EIA Forecasts World Oil Consumption Growth to Slow Amid Less Economic Activity

Summary by BIC Magazine
The EIA forecasts consumption growth of crude oil and other liquid fuels will slow over the next two years, driven by a slowdown in economic growth, particularly in Asia, in the its May Short-Term Energy Outlook.
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BIC MagazineBIC Magazine

EIA forecasts world oil consumption growth to slow amid less economic activity

The EIA forecasts consumption growth of crude oil and other liquid fuels will slow over the next two years, driven by a slowdown in economic growth, particularly in Asia, in the its May Short-Term Energy Outlook.

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Hydrocarbon EngineeringHydrocarbon Engineering

EIA forecasts slowed world oil consumption growth

The EIA has forecast that world oil consumption growth will slow amid less economic activity.

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Hydrocarbon Engineering broke the news in on Friday, May 16, 2025.
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