- 2024 world oil demand growth forecast unchanged at 2.25 mil bpd
- 2025 world oil demand growth forecast seen at 1.85 mil bpd
- December oil price drop mainly driven by selling pressure from speculators
The bloc says that it brought forward the 2025 demand forecast publication in order to "support understanding of market dynamics and to provide long-term guidance". In other words, they are hoping that their words will lead to calmer waters in the oil market. Well, the near 2% drop today is certainly not something that they'd be happy with I would say.
