The IEA left its 2025 demand growth forecast unchanged at 950,000 bpd and said the market could be oversupplied if OPEC+ unwinds output cuts as planned. OPEC sees demand growth of 1.74 million bpd ...

"China's pre-eminence (is) fading. Last year the country accounted for 70% of global demand gains – this will decline to around 40% in 2024 and 2025," the IEA said.

Oil tanks at the China National Petroleum Corporation’s Dalian Petrochemical Corp in Dalian. IEA said China’s oil-demand growth slowdown is weighing on the global outlook.

The IEA forecasts this year’s global demand to grow by 903,000 barrels a day from 970,000 previously, its second consecutive downward revision in two months By Giulia Petroni Sept. 12, 2024 4:03 ...

Global oil demand growth is set to slow to just under 1 million barrels a day this year and next, according to the International Energy Agency (IEA), which attributed the view to China's weak economy.

Global electricity demand is on track to double by 2050, mainly due to the scale of China’s monumental energy transition, according to a new report from the International Energy Agency ...

China has cemented its status as the world’s top energy investor, spending nearly as much as the US and EU combined. In 2015, it barely edged out the US.

China's shifting economy is one of the "important drivers" behind the International Energy Agency's belief that demand for fossil fuels will peak by 2030, according to Fatih Birol, the IEA's ...