IEA monthly report projects 2026 global oil demand will decline by 1.6 mln bpd, versus a prior forecast of a 1.0 mln bpd drop, citing disruptions in the Strait of Hormuz and elevated oil prices.

2026-08-12

IEA monthly report projects 2026 global oil demand will decline by 1.6 mln bpd, versus a prior forecast of a 1.0 mln bpd drop, citing disruptions in the Strait of Hormuz and elevated oil prices.