IEA Revises 2026 Oil Demand Outlook Upward While Forecasting Smaller Market Surplus
The International Energy Agency has revised its 2026 oil demand growth forecast upward to 930,000 barrels per day, reflecting a stronger anticipated consumption trend compared to earlier estimates. Simultaneously, global oil supply is expected to grow slightly more than previously predicted, reaching 2.5 million barrels per day. Despite these incre…