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The International Energy Agency (IEA) states: global oil demand is expected to fall in 2026 for the first time since COVID
The International Energy Agency (IEA) expects that global oil demand will decline in 2026—for the first time since the COVID-19 pandemic.
Main factor:
> Disruptions caused by the ongoing war in Iran, including impacts on production, sea transport, and economic activity in the region.
This represents a major shift compared with previous growth forecasts and highlights how geopolitical conflict weighs on energy markets.
This represents a major shift compared with previous growth forecasts and highlights how geopolitical conflict weighs on energy markets.
The outlook could intensify pressure on oil prices and related sectors, while potentially supporting a more general “risk-off” sentiment in global markets.
IEA forecast: first drop in global oil demand since COVID—attributes disruptions to the war in Iran
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#IEACutsRussiaOilOutputForecast
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