Global oil demand growth to rise in 2026, IEA says

Core Viewpoint - The International Energy Agency (IEA) has revised its 2026 global oil demand growth forecasts higher, indicating a slightly narrower surplus in the oil market [1] Group 1: Demand Forecasts - The IEA's latest monthly oil market report suggests an increase in global oil demand growth forecasts for 2026 [1] - This revision indicates a more optimistic outlook for oil consumption in the coming years [1] Group 2: Market Implications - The adjustment in demand forecasts implies a tighter oil market, potentially affecting pricing and supply strategies [1] - A narrower surplus in the market could lead to increased volatility in oil prices as demand rises [1]