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Energy Détente Current Issues    
Issue DateTitleSubjectsCAPTION
Mar 26 2025
IEA Forecast is Fantasy
GLOBAL OIL DEMAND 2024 AND BEYOND archived surveys
Supply/Demand




The Paris-based International Energy Agency is now forecasting a collapse in global oil demand due to "energy transition". The Organization of the Petroleum Exporting Countries refers to this as a dangerous fantasy that would stifle needed investment. Meanwhile, in 2024, global oil demand set a new record high of 102.9-million barrels per day.
Dec 18 2024
Gasoline Prices Trending Lower
WORLD AVERAGE PRICE $3.69
Retail Prices

Regional Averages


The world average price of gasoline has declined 36¢ per gallon since August 2024 due to disappointing fuel demand, thinner refiner margins, and weakening crude oil prices. World consumers are paying more in gasoline tax than retailers, refiners, and distributors combined achieve in gasoline margin. In this report the role of crude oil and specific national price trends are featured.
 
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