It is expected that the growth in oil demand will slow down this year due to the negative impact of American definitions on trade, and the International Energy Agency has warned in its first forecast since the announcement of “Liberation Day” in Donald Trump.
The Paris -based agency has reduced its expectations oil The demand for growth this year by about a third from 1.03 million barrels per day to 730,000 barrels/d, and pointed out that the additional descending reviews were possible depending on how the US President’s tariff program developed.
She said: “While imports of oil, gas and refined products were given exemptions from the definitions announced by the United States, fears that measures can be enlarged and intensify commercial conflicts that weigh oil prices.” “With no counter -negotiations and standards, the situation is liquid and remains great risks.”
Brent crude prices, global standard, Less than 60 barrels decreased Last week, for the first time in four years, traders were weighing the possibility of recession before Trump retreated, stopping some of the 90 -day definitions awaiting negotiations.
Although a temporary stop, which helped Brent recovery to $ 67.84 a barrel by Tuesday morning in London, pushed the sharp escalation in commercial tensions to IEA He said to reduce the assumptions of economic growth that supports its expectations.
As a result, it was expected that the annual demand growth next year to 690,000 barrel/D “was expected to slow down as the low oil prices partially compensate for the weakest economic environment only,” as he said in its first forecast for 2026.
She said that the sudden decision of eight OPEC+ members, led by the Kingdom of Saudi Arabia, to increase production faster than expected than next month, has added to a “landmark of oil prices” in the first half of April.
However, the effect on the offer was likely to be “much smaller” than the declared increase of 411,000 barrels, as many OPEC+ members, including Kazakhstan, the Arab Emirates and Iraq, were already producing their goals.
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