Energy agency expects global oil demand to fall in 2026

Energy agency expects global oil demand to fall in 2026 Global oil demand will fall by about one million barrels a day in 2026 as the war between the United States and Iran weighs on the world economy, the International Energy Agency has said. The agency warned that the fighting was creating fresh uncertainty for consumers, businesses and energy markets. Higher risks around shipping and supply could weaken demand further if the conflict escalates.