The International Energy Agency reduces global oil demand forecasts
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The International Energy Agency reduced its expectations for the growth of global oil demand during the year 2026, in light of the ongoing repercussions of the war in Iran, expecting a decline in demand by about 1.1 million barrels per day on an annual basis, compared to previous estimates issued last May that indicated a decline of only 420 thousand barrels per day.
The International Energy Agency reduced its expectations for the growth of global oil demand during the year 2026, in light of the ongoing repercussions of the war in Iran, expecting a decline in demand by about 1.1 million barrels per day on an annual basis, compared to previous estimates issued last May that indicated a decline of only 420 thousand barrels per day. The agency’s report issued today, Wednesday, stated that […]
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