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News 2026-07-10 14:45 UTC

IEA Forecasts Smaller Drop in 2026 Oil Demand as Consumption Picks Up

() -- The International Energy Agency on Friday projected a smaller decline in global oil demand in 2026 amid signs of a rebound in consumption as crude flows improve. The agency now expects oil consumption to fall by 1 million barrels per day this year, compared with a 1.1 million-barrel drop forecast in June. That wo