IEA Lowers Global Oil Demand Forecast for 2026, Expects Drop of 1.6Mln Bpd - Report

NAMPA / Sputnik
2026-08-12
MOSCOW, August 12 (RIA Novosti) - The International Energy Agency (IEA) has downgraded its forecast for global oil demand in 2026 and now expects the demand to decline by 1.56 million barrels per day to 103.288 million barrels per day, the organization said in its fresh report on Wednesday​​​. According to the updated data, demand is expected to decrease by 1.556 million barrels per day this year, which is 509,000 barrels per day more than it was......
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