Oil Demand Growth Revised Lower by IEA Amid Trade Tensions

April 16, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The macro-economic outlook for the world points to a slowdown in both this year and next, though the speed at which the situation is changing makes it difficult to gauge the future, the Paris, France-based International Energy Agency (IEA) said.The IEA on Tuesday lowered its global outlook for oil demand by 300,000 barrels per day (BBL/d) relative to the prior month's estimate.