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Global oil demand set for first annual drop since COVID, IEA says
Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports, though the IEA also noted supply increased in June.
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cryptobriefing.com
IEA forecasts first annual drop in global natural gas demand as Iran conflict reshapes energy markets
The IEA forecasts the first annual decline in global natural gas demand since 2022 as the Iran conflict drives prices to their highest levels since January
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cnbc.com
World oil demand set for first annual decline since 2020, IEA says
Renewed escalation in the U.S.-Iran war could complicate matters and further cloud the outlook, the IEA warned Friday.
