JP Morgan says Global Oil Demand Growth Below Its Expectations
ReutersNov 14, 2025 2:46 PM
Nov 14 (Reuters) - JP MORGAN:
SAYS YEAR-TO-DATE THROUGH NOVEMBER 12, GLOBAL OIL DEMAND GROWTH IS TRACKING AN EXPANSION OF 0.85 MBD, 50 KBD BELOW THEIR ESTIMATE OF 0.90 MBD
SAYS GLOBAL OIL DEMAND SHOWED MODEST IMPROVEMENT DURING THE PERIOD FROM NOVEMBER 5 THROUGH 12, BUOYED BY A REBOUND IN US GASOLINE CONSUMPTION AND INCREASED PORT ACTIVITY AT LOS ANGELES
SAYS WHILE THE US SAW REDUCTIONS IN FLIGHT ACTIVITY, GLOBAL FLIGHTS CONTINUED TO EXPAND, POSTING A 4% YEAR-OVER-YEAR INCREASE THROUGH NOVEMBER 9
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