Global oil demand plummets by most since pandemic, says IEA
Demand drops 3.4% in March due to soaring prices, supply shortages and collapse of Middle East air travel
Demand drops 3.4% in March due to soaring prices, supply shortages and collapse of Middle East air travel

Stocks near 8-year low ahead of summer travel season despite collapse in demand

Investors are picking winners and losers based on economies’ exposure to inflationary surge

International Energy Agency expects production to rise by 1.8mn barrels a day in 2025

Traders warn of further jump in prices and ‘huge pain’ as economies cut consumption

IEA forecasts a decline in years to 2030 despite ‘many uncertainties’

Middle East war has triggered surge in crude prices that threatens global economy