Cinda: IEA raises the expected increase in global oil demand for 2025.

Cinda released a research report stating that according to the January 2025 report, IEA, EIA, and OPEC predicted global crude oil inventory changes in 2025 to be +70.03, +24.43, and -107.82 thousand barrels/day, respectively, compared to the December 2024 predictions of -20.82, +33.87, and +17.36 thousand barrels/day. OPEC is more optimistic about global crude oil demand, with the three major institutions predicting an average inventory change of -4.45 thousand barrels/day in 2025, compared to the average prediction of +10.14 thousand barrels/day in December 2024. In terms of supply, in January 2025, IEA, EIA, and OPEC predicted a year-on-year increase in global crude oil supply for the first quarter of 2025 to be +137.34, +107.82, and +141.45 thousand barrels/day, respectively, compared to the changes predicted in December 2024 of -35.44, +1.79, and +13.46 thousand barrels/day. Key points from Cinda include: Crude Oil Inventory Sector According to the January 2025 report, IEA, EIA, and OPEC predicted global crude oil inventory changes in 2025 to be +70.03, +24.43, and -107.82 thousand barrels/day, respectively, compared to the December 2024 predictions of -20.82, +33.87, and +17.36 thousand barrels/day. OPEC is more optimistic about global crude oil demand, with the three major institutions predicting an average inventory change of -4.45 thousand barrels/day in 2025, compared to the average prediction of +10.14 thousand barrels/day in December 2024. EIA and OPEC predicted global crude oil inventory changes in 2026 to be +72.71 and -101.48 thousand barrels/day, respectively, with an average prediction of -14.39 thousand barrels/day. For the first quarter of 2025, IEA, EIA, and OPEC predicted global crude oil inventories to be +59.99, -55.35, and -59.92 thousand barrels/day, with an average change of -18.42 thousand barrels/day, compared to the average changes predicted in December 2024 of -37.79, +18.17, and +8.96 thousand barrels/day. Crude Oil Supply Sector In the January 2025 report, IEA, EIA, and OPEC predicted global crude oil supply in 2025 to be 10465.58, 10434.89, and 10411.72 thousand barrels/day, respectively, compared to 2024 crude oil supplies of +173.24, +175.53, and +183.95 thousand barrels/day. For 2026, IEA, EIA, and ... (Unfortunately, the text was too long for me to translate in one go. If you'd like me to continue, please let me know!)