IEA OMR: forecasts global oil demand in 2026 to fall by 1.05mln BPD (prev. exp. 1.12mln); global oil demand recovery is under way
Newsquawk Staff ·
- Global oil demand estimated at 103.46mln bpd for 2026 and is expected to grow by 2mln BPD in 2027 and reach 105.47mln BPD.
- Oil supply may expand 7.5mln BPD in 2027 if transits improve.
Sources
- Israeli PM Netanyahu says "I will inform [US President] Trump of what we intend to do, but I will not ask him for the green light to strike Iran", Al Arabiya reports
- [MARKET UPDATE] WTI tops USD 100/bbl as punchy comments from Iran overnight gets wider airing
- Russian Envoy Dmitriev says restarting of the Nord Stream in inevitable, IFX reports
- Iraq is looking to charter tankers to ship fuel oil outside of the Strait of Hormuz
- An Aramco facility in Saudi Arabia is on fire, Sabereen News reports; post includes a video
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