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IEA Lowers Global Oil Demand Forecast for 2026
2 sourcesFirst reported 1 month agoUpdated 1 month ago
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What all sources covered
- The International Energy Agency (IEA) revised its oil demand forecast downwards for 2026.
- The report highlights the significant impact of the ongoing conflict in the Middle East on the oil market.
- Global oil demand is expected to decrease by 1.1 million barrels per day this year.
- Deliveries in the second quarter of 2026 show a nearly 5% decline year-on-year.
- Oil reserves continue to shrink at record rates, notably within OECD countries.
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CNN Greece+0m
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