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IEA Slashes Oil Demand Growth Forecast For 2026
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Why This Matters
The International Energy Agency (IEA) has reduced its forecast for global oil demand growth in 2026, citing a decrease from 930,000 barrels per day to 850,000 barrels per day, with developing economies, particularly China, driving the growth.
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Sentiment
Bearish
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80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Global oil demand is expected to rise by 850,000 barrels per day this year, the International Energy Agency (IEA) said on Thursday as it cut its growth estimate from 930,000 bpd expected last month. All the 850,000 bpd growth this year is poised to come from developing economies, with China leading the additional demand, the agency said in its closely-watched Oil Market Report for February. Petrochemical feedstock products are set to account for more than half of this year’s gains, compared with only a third…
Original article published by
OilPrice.com
on February 12, 2026.
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