LiveSquawk(@LiveSquawk):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

2026.09.11 08:06

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