# Oil demand growth slowing as non-OPEC supply expands, says IEA | Reuters

> The IEA says oil demand growth is slowing as non-OPEC supply expands, though Red Sea shipping attacks have raised supply fears. January outages in major non-OPEC producers such as the United States added to concerns alongside a fresh round of OPEC+ cuts.

- Date: 2024-02-15 · published 2024-02-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31840-oil-demand-growth-slowing-as-non-opec-supply-expands-says-iea-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Slowing demand growth is bearish, but supply risks from outages and cuts offset it, leaving energy input costs with mixed direction for feed buyers.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-02-21 | [IEA, EIA, OPEC differ on 2018 supply, demand growth - BusinessDay NG, TV, and Podcast](https://feedsoft.ai/events/66687-iea-eia-opec-differ-on-2018-supply-demand-growth-businessday-ng-tv-and-podcast.md) | +3.3% | +2.7% |
| BRENT | 2025-12-11 | [OPEC data indicate close oil supply-demand balance in 2026, no glut \| Reuters](https://feedsoft.ai/events/21425-opec-data-indicate-close-oil-supply-demand-balance-in-2026-no-glut-reuters.md) | -4.0% | +2.5% |
| BRENT | 2018-01-31 | [Oil rebounds, ends up on gasoline demand, OPEC compliance](https://feedsoft.ai/events/67146-oil-rebounds-ends-up-on-gasoline-demand-opec-compliance.md) | -2.3% | -1.9% |
| BRENT | 2025-12-11 | [OPEC Keeps 2026 Oil Supply, Demand Outlook Steady in Latest Report - Bloomberg](https://feedsoft.ai/events/21426-opec-keeps-2026-oil-supply-demand-outlook-steady-in-latest-report-bloomberg.md) | -4.0% | +2.5% |
| BRENT | 2021-05-31 | [OPEC+ JTC keeps 2021 oil demand growth forecast unchanged - Markets - Business Recorder](https://feedsoft.ai/events/47017-opec-jtc-keeps-2021-oil-demand-growth-forecast-unchanged-markets-business.md) | +2.4% | +7.5% |
| WTI | 2018-02-21 | [IEA, EIA, OPEC differ on 2018 supply, demand growth - BusinessDay NG, TV, and Podcast](https://feedsoft.ai/events/66687-iea-eia-opec-differ-on-2018-supply-demand-growth-businessday-ng-tv-and-podcast.md) | +1.7% | +2.4% |
| WTI | 2025-12-11 | [OPEC data indicate close oil supply-demand balance in 2026, no glut \| Reuters](https://feedsoft.ai/events/21425-opec-data-indicate-close-oil-supply-demand-balance-in-2026-no-glut-reuters.md) | -4.4% | +0.7% |
| WTI | 2025-07-01 | [OPEC trims 2025 oil demand growth estimate but hikes ‘call’ on its crude](https://feedsoft.ai/events/24393-opec-trims-2025-oil-demand-growth-estimate-but-hikes-call-on-its-crude.md) | +4.3% | +2.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-demand-growth-losing-momentum-iea-says-2024-02-15/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.