IEA Lowers Global Oil Demand Growth Forecasts for 2026

Key Facts

1The International Energy Agency (IEA) lowered its global oil demand growth forecasts for 2026.

The International Energy Agency (IEA) lowered its global oil demand growth forecasts for 2026. Investing.com reported that the agency revised its projections downward for the upcoming period.

The revision reflects shifting macroeconomic conditions and updated data on industrial activity and energy consumption patterns. This bearish outlook follows US energy data from October 7, 2026, which showed a 3.186 million barrel decrease in crude oil stocks alongside a 0.382 million barrel increase in gasoline inventories.