IEA: 2026 World Oil Demand To Drop By 2.5M BPD (Prev. Forecast 1.6M BPD Drop), Citing Impasse In US-Iran Talks On Resolving Their Conflict #
OOTT#
- Sees Total World Oil Supply 1.74M BPD Lower Than Demand In 2026 (Prev. Forecast 1.27M BPD Lower)
- Now Sees Full Recovery In Oil Supplies From Gulf Producers Deferred Until 2027
- World Oil Supply To Average 100.7M BPD In 2026, Down 5.7M BPD From 2025 And 1.3M BPD Lower Than Prev. Forecast
- Global Observed Oil Inventories Plunged By A Further 95M Barrels In August
- Need For Progress In Resolving Middle East, Russia-Ukraine Conflicts Is Greater Than Ever To Avoid Further Oil Market Tightening