IEA Says Global Oil Demand to Rebound Next Year After Declining in 2026
() -- The International Energy Agency on Friday said seasonal trends and a rebound in fuel supplies are lifting consumption from May lows, with global oil demand forecast to fall by 1 million barrels a day this year before rising by 2 mmbbl/d in 2027. By October, global oil demand is expected to rise by over 8 mmbbl/d