IEA Lowers Global Oil Demand Forecast for 2026, Expects Drop by 1.12Mln Bpd - Report

NAMPA / Sputnik
2026-06-17
MOSCOW, June 17 (RIA Novosti) - The International Energy Agency (IEA) has significantly downgraded its forecast for global oil demand in 2026 and now expects the demand to decline by 1.12 million barrels per day to 103.292 million barrels per day, the organization said in its fresh report on Wednesday​​​. According to the updated data, demand is expected to decrease by 1.118 million barrels per day this year, which is 700,000 barrels per day more......
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