18 Hrs
Source:
عين ليبيا
Oil market shifts amid ongoing conflict
The International Energy Agency has lowered its forecast for global oil demand growth in 2027 to 104.38 million barrels per day, an increase of two million barrels from 2026 but down 560,000 barrels from previous estimates in September. This revision reflects a decline in expectations due to ongoing supply disruptions, rising prices, and market impacts from attacks on energy facilities in the Gulf. An expected recovery in supply of 7.7 million barrels per day is anticipated in 2027. Additionally, the agency has raised its projection for demand contraction in 2026 to 102.38 million barrels per day, amid ongoing market pressures caused by reduced availability of oil products and the ripple effects of the war on global energy supplies.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)