Energy agency lowers world oil demand forecast for the year
- The International Energy Agency lowered its global oil demand forecast, citing the war in Iran, higher fuel prices, limited supplies, and a weaker economic outlook.
- Global oil demand is expected to fall by 2.6 million barrels per day on average this year, with diesel accounting for 25% of the decline.
- The agency forecasts a partial recovery of 2 million barrels per day next year, but global oil use would remain 0.6% below 2025 levels.
- Oil supply is expected to fall by 5.8 million barrels per day this year before rising by 7.7 million barrels per day next year; the International Energy Agency said renewed Gulf attacks “leave the recovery fragile.
24 Articles
24 Articles
The Toronto Star
Energy agency lowers world oil demand forecast for the year
The International Energy Agency is lowering its world oil demand forecast for the year, noting that the war in Iran is leading to escalating fuel prices, limited oil supplies and a deteriorating economic outlook.
El Vocero de Puerto Rico
Independent EspañolThe International Energy Agency reduced its forecast of global oil demand for this year, noting that the war in Iran causes an escalation of fuel prices, a limited supply of oil, and a deterioration in...
In the monthly report on the oil market released on Wednesday 14 October, the IEA states that throughout the year, the decline in world oil demand will be 2.6 million barrels per day compared to 2025, as the war in Iran restricts the availability of fuels, triggers prices and deteriorates economic prospects.
The International Energy Agency (IEA) reduced its forecast of global oil demand growth during 2027, with the continuing repercussions of Iran ' s war on... the post oil market facing a new surprise... war remixing papers appeared first on Libya ' s eye... Libya ' s latest news.
The International Energy Agency reduced its global oil consumption forecast by 2026 and attributed the deterioration to the war in Iran, the highest prices and weaker economic prospects. Although it expects a partial upturn next year, the agency warns that attacks in the Gulf keep the recovery fragile.
www,finanzasdigital.com Global oil demand will record a decline of 2.5 million barrels per day (mb/d) year-on-year in the fourth quarter of 2026 and 2.6 million barrels per year.
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