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  3. IEA slashes global oil demand forecast as war drives up prices

AGBI

IEA slashes global oil demand forecast as war drives up prices

Global oil demand is likely to fall more sharply than previously thought this year as high prices and supply disruptions caused by the US-Iran war curb fuel use, according to the International Energy Agency (IEA). The Paris-based organisation expects demand to decline by 1.6 million barrels per day (bpd) in 2026, widening its forecast by […]

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By Francesca Washtell

13 August 2026|1 min read|AGBI
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Banking & Finance
IEA slashes global oil demand forecast as war drives up prices
IEA slashes global oil demand forecast as war drives up prices
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