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Chart of the Day: The Circus of Forecasting Growth in Global Oil Demand
Summary
Figure (1) shows the most recent estimates of global oil demand in 2025 by OPEC, the IEA and EIA. The differences among them are unprecedented! For the fourth quarter of 2025, OPEC’s estimate of global oil demand is higher than that of the EIA by 2.20 mb/d and that of the IEA by 2.62 mb/d! Which forecast is more accurate than the others? The answer is listed below.