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Global Oil Demand to Rise More Slowly as Prices Rally, IEA Says
7 Articles
7 Articles
The International Energy Agency (IEA) has updated its oil market forecasts. According to its latest report, global oil demand is expected to grow by 850,000 barrels per day in 2026. This is an acceleration compared to the 2025 forecast, but still below the previous 2026 estimate of 930,000 barrels per day.
Market in excess of robust in 2026, with the global offer to overcome the search for around 3.73 million barrels per day
IEA expects global oil demand to rise more slowly
World oil demand will rise more slowly than expected this year, the International Energy Agency said on Thursday, while projecting that the global market continues to face a sizeable surplus despite outages that cut supply in January. The IEA, which advises industrialised countries, in its monthly oil report projected global oil supply would exceed demand by 3.73 million barrels per day in 2026, similar to last month’s projection. A surplus of t…
Global demand for crude oil will increase by 2026 by about 850,000 barrels per day, driven by non-OECD economies, especially China, the International Energy Agency (IEA), after noting a fall in supply in January due to bad weather in North America and restrictions on exports from Kazakhstan, Russia and Venezuela. Specifically, global demand for oil is expected to rise by 850,000 barrels per day in 2026, compared to 770,000 barrels per day last y…
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