BAKU, Azerbaijan, September 11. Oil demand in OECD countries rose by 570,000 barrels per day (b/d) year-on-year in June, marking the fastest pace of growth in eight months, according to the International Energy Agency’s latest outlook, Trend reports.
The increase was concentrated in major fuel products and partially offset the sharp 1.1 million b/d decline recorded in May.
Despite the June rebound, OECD oil demand in the second quarter of 2025 was still 110,000 b/d lower compared to a year earlier, with deliveries uneven across regions amid global trade disruptions. Europe was the only OECD region to post growth, while demand in the United States and Asia-Pacific contracted.
Fuel oil registered the steepest drop, down 170,000 b/d, reflecting weaker bunker demand tied to tighter marine fuel regulations in the Mediterranean and ongoing supply chain challenges.
Looking ahead, the IEA projects OECD oil demand to fall by 40,000 b/d in 2025, followed by a sharper decline of 200,000 b/d in 2026. That would bring total demand to 45.6 million b/d next year, nearly 2 million b/d below pre-pandemic 2019 levels.
