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IEA Monthly Report: Global oil demand expected to decline by 1.6 million barrels per day in 2026
2026-08-12 16:02:32
According to CoinMeta, the International Energy Agency ( IEA ) predicted in its latest monthly report that global oil demand will decline by 1.6 million barrels per day in 2026 due to disruptions in the Strait of Hormuz and high oil prices, compared to a previous forecast of a 1-million-barrel-per-day decline. This adjustment reflects the impact of geopolitics and market prices on energy demand.
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Source：Internet
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