Global oil demand to rise by less than expected in 2026, IEA says

Group 1 - The International Energy Agency (IEA) has lowered its forecast for global oil demand growth in 2026, attributing this adjustment to the impact of higher prices on consumption [1] - The IEA projects a surplus of 3.73 million barrels per day in 2026, driven by increased supply from OPEC+ producers and non-OPEC countries, which is slightly up from the previous month's projection of a 3.69 million bpd surplus [1]