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IEA: Global Oil Demand to Fall 2.7M Bpd in 2026

Summary by BizToc
Global oil demand is expected to decline by 2.7 million barrels per day (bpd) in 2026, reaching 102.3 million bpd, according to the International Energy Agency's (IEA) November Oil Market Report publi...

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The market "shows still timid signs of rebalancing", has nuanced the IEA in its monthly report.

·Paris, France
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Global oil demand will decline by 2.684 million barrels per day in 2026 relative to the previous year (b/s), as reported in the monthly report of the International Energy Agency (IEA).

The global oil market is on a recovery path, with supply expected to exceed demand for the first time since the start of the war in Iran on February 28,…More...

·Greece
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World oil demand will fall to 102.3 million barrels a day in 2026 due to the war in the Middle East, high energy prices and supply disruptions. The recovery of 2027 will be insufficient to compensate for the collapse.

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Interfax.ru broke the news on Friday, November 13, 2026.
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