Mumbai, Nov. 14 -- International Energy Agency or IEA has stated that world oil demand growth rebounded to 920 kb/d in 3Q25, mainly due to stronger deliveries in China. The third-quarter increase was more than double 2Q25's 430 kb/d y-o-y expansion, as the macroeconomic picture broadly improved on easing trade tensions. Worldwide 2025 gains of 790 kb/d y-o-y are led by the United States, China and Nigeria, up by about 120 kb/d y-o-y each. Global growth will maintain this rate in 2026, at 770 kb/d y-o-y.
The relentless upturn in global oil supply paused in October at 108.2 mb/d, with OPEC+ leading a 440 kb/d monthly decline. Global oil supply was nevertheless up by a massive 6.2 mb/d since January, with gains divided evenly between non-OPEC...