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IEA OMR: forecasts global oil demand in 2026 to fall by 1.05mln BPD (prev. exp. 1.12mln); global oil demand recovery is under way

StockNow breaking-news AI analysis

IEA expects a 1.05mln BPD demand drop in 2026 but predicts a 2mln BPD recovery in 2027, with supply potentially expanding by 7.5mln BPD as transit improves.

News detail

Global oil demand estimated at 103.46mln bpd for 2026 and is expected to grow by 2mln BPD in 2027 and reach 105.47mln BPD. Oil supply may expand 7.5mln BPD in 2027 if transits improve.

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