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Climate.Table News

US tariffs: IEA and OPEC lower oil demand growth forecasts.

According to forecasts by the IEA and OPEC, oil demand will grow less strongly than initially predicted as a result of the US tariffs. The falling oil price could therefore hurt US production.

Nico Beckert
16. April 2025
An oilfield pumpjack, belonging to Cor4 Oil Corp., works producing crude near Tilley, Alberta on Sept. 11, 2020. In the background, an oilfield drilling rig works on a well. digital photo by Larry MacDougal

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Last updated: 24. July 2025

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