IEA Russian oil flows so far continue largely unaffected by latest US sanctions

In its monthly oil market report published on Thursday, the International Energy Agency (IEA) raised 2025 global oil demand growth forecast to 1.1 million barrels per day (bpd) from 1.05 million bpd..

Additional takeaways

Russian oil flows so far continue largely unaffected by latest US sanctions.

Workarounds to sustain Russian export volumes may well appear in the coming weeks.

China’s use of gasoline, jet/kerosene and gasoil declined marginally in 2024.

Fuel use in China has already reached a plateau and may even have passed its peak.