Global Oil Demand
Coverage of Global Oil Demand in the Nexus archive.
- IEA: US-Iran escalation threatens 2027 oil surplus forecast
The International Energy Agency warns that US-Iran tensions could disrupt its 2027 oil surplus forecast, which relies on improved Hormuz transits. The IEA projects a potential 4.62 million bpd surplus in 2027 but notes risks from geopolitical instability affecting supply and demand.
- Global oil demand is set to fall for the first time since 2020, IEA says
Global oil demand is expected to decline for the first time since 2020, according to the IEA. Projections of recovery in the second half of the year are now uncertain due to the collapse of a ceasefire between the U.S. and Iran.
- Global oil demand to plunge amid disruptions caused by war on Iran: IEA
The International Energy Agency (IEA) reports a significant decline in global oil demand due to disruptions from the war on Iran. Unnamed countries are accused of hoarding oil stocks, exacerbating market instability.
- Iran War Wipes Out Global Oil Demand Growth This Year
The article reports that ongoing conflict in Iran is causing a decline in global oil demand growth for the current year. The war's impact is expected to disrupt energy markets and economic forecasts.
- Iran War Wipes Out Global Oil Demand Growth This Year, IEA Says
The IEA reports that the Iran war has eliminated global oil demand growth for 2023. The article mentions fuel pump nozzles in Japan as part of the context.