The key facts

  • The IEA forecasts a decline in global oil demand in 2026 of 2.7 million barrels per day
  • The data is contained in the agency's November report
  • Details of the forecast revision have not yet been disclosed

Forecast revision

The International Energy Agency has downgraded its estimate of global oil demand: according to data given in its report, demand in 2026 could fall by 2.7 million barrels per day. Gazeta.Ru reports this, citing the agency's November report.

What is known and what remains unclear

The available publications give only the revised estimate itself — 2.7 million barrels per day. In particular, the IEA's previous forecast, the reasons for the revision, and the expected supply dynamics have not been disclosed. The outlet notes that the story is being updated, so details of the report may appear later.