The International Energy Agency told Reuters on Wednesday that it plans to bring forward the release of its first oil demand projections for 2025 to April, two or three months before its usual date, after the Organization of the Petroleum Exporting Countries (OPEC) released its forecasts six months ahead.
OPEC and the International Energy Agency’s expectations for the size of oil demand are closely monitored, as their monthly reports can influence oil prices and provide insights into OPEC’s supply policy assumptions.
Torel Buozoni from the International Energy Agency told Reuters in response to questions, “We plan to publish the 2025 forecasts in April instead of June/July like before.”
“The reason for this is that we will be publishing the medium-term forecasts in June, so we brought forward the deadline in order to avoid overlap and to gain a detailed understanding of 2025 before looking towards 2030.” (Reuters)
