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Q1 oil demand rises in Europe, IEA expects declines ahead

GenevaTimes by GenevaTimes
May 17, 2025
in Europe
Reading Time: 2 mins read
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Q1 oil demand rises in Europe, IEA expects declines ahead
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Economy
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17 May 2025 21:15 (UTC +04:00)


European oil demand grew modestly in the first quarter of 2025, supported by colder weather and a shift toward gasoline-powered vehicles, according to the International Energy Agency. Despite this early rise, overall consumption is expected to decline slightly through 2026 amid economic and structural changes.

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