OPEC's Optimism Clashes With IEA's Conservative 2025 Oil Growth Projections
1. IEA forecasts oil demand growth of 1.05 million barrels daily for 2025. 2. Global oil demand expected to average 104 million barrels daily. 3. Strong demand rebound in Q4 2024 rose by 1.5 million barrels daily. 4. China's oil consumption projected to increase by 220,000 barrels daily in 2025. 5. Recent U.S. sanctions on Russia could disrupt global oil supply chains.