Back to today’s briefing

Story perspectives

Global Oil Demand to Hit 104 Million Barrels Daily by 2025

1/16/2025

47 9

Summary

Story summary

The International Energy Agency forecasts that global oil demand will soar to 104 million barrels per day by 2025, fueled by a brighter economic outlook and seasonal changes. Meanwhile, U.S. sanctions on Russia and Iran, coupled with colder weather, have driven Brent crude prices to $81 per barrel, as U.S. oil production is set to reach a historic 13.55 million bpd.

1 of 1

Story summary

The International Energy Agency forecasts that global oil demand will soar to 104 million barrels per day by 2025, fueled by a brighter economic outlook and seasonal changes. Meanwhile, U.S. sanctions on Russia and Iran, coupled with colder weather, have driven Brent crude prices to $81 per barrel, as U.S. oil production is set to reach a historic 13.55 million bpd.