The IEA and Opec have both lowered their forecasts for global oil demand in 2026, but the producer group sees a far more resilient oil market.
Published:
Wed, May 13, 2026
Editor
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The International Energy Agency (IEA) has sharply lowered its outlook for global oil demand in 2026, arguing that the economic fallout from the Mideast supply crisis will be deeper and more prolonged than it anticipated only weeks ago.
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