US EIA Forecasts World Oil Consumption Growth to Slow Amid Less Economic Activity
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 ... [continued] The post US EIA Forecasts World Oil Consumption Growth to Slow Amid Less Economic Activity appeared first on CleanTechnica.
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 ... [continued]
The post US EIA Forecasts World Oil Consumption Growth to Slow Amid Less Economic Activity appeared first on CleanTechnica.
