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U.S. EIA Forecasts World Oil Consumption Growth to Slow Amid Less Economic Activity

  • CleanTechnica faviconCleanTechnica

    By US Energy Information AdministrationMay 21, 2025, 11:07 pm127 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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