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IEA Sees Bigger Drop in Demand, Warns on Inventories
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.
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tass.com
IEA worsens global oil demand forecast, expects decline of 418,000 bpd in 2026
The agency thus worsened its demand forecast by 334,000 bpd compared with its April expectations, when the IEA projected a decline of 84,000 bpd
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cnbc.com
Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.
