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

CleanTechnica
By US Energy Information AdministrationMay 15, 2025, 11:53 pm136 ptsTrending
We forecast 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 our May Short-Term Energy Outlook (STEO). The world economy, measured by GDP, increases 2.8% in 2025 and 2026 in our forecast. Excluding the…

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