OPEC-IEA demand divide deepens, leaving oil market guessing

In her exclusive monthly column, Vandana Hari, Founder and CEO of Vanda Insights, unpacks the record 610,000 b/d gap between OPEC and IEA’s 2025 oil demand growth forecasts, with OPEC projecting stronger consumption and tighter balances, while the IEA anticipates weaker emerging market demand, higher non-OPEC supply, and prolonged oversupply, leaving market participants without a clear consensus.