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وكالة الأنباء القطرية
IEA Revises Down Global Oil Demand Forecast
The International Energy Agency has lowered its forecast for global oil demand in 2026 by 2.5 million barrels per day, bringing it to 102.44 million barrels per day compared to August's estimates. This adjustment is due to the repercussions of the conflict in the Middle East and rising fuel prices. The agency also pointed to a decline in global production by 1.6 million barrels per day, with more than 10 million barrels per day halted in the Gulf region due to security conditions. It is projected that total oil supplies will decrease to 100.7 million barrels per day this year, with the Gulf region's recovery postponed until 2027. This comes amid continued market pressure resulting from renewed hostilities between Iran and the United States, higher prices for refined products compared to crude, and a reduction in global inventories by 95 million barrels during August.
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