Mumbai, Feb. 14 -- The IEA has ramped up its 2025 oil demand forecast to 1.1M b/d, fueled by a modest GDP rebound and lower oil prices, while dialing back 2024's outlook to 870K b/d amid a sluggish Q4. China leads the surge, with India and other Asian markets adding extra fuel, even as global supply is set to rise from non-OPEC+ producers. OPEC+ is easing its voluntary cuts come April, potentially tightening the market surplus. Meanwhile, fresh US sanctions on Russia and Iran keep traders on edge, underscoring the delicate balance between robust supply and geopolitical risks.
Published by HT Digital Content Services with permission from Capital Market....