IEA slashes oil demand forecast on supply shock, expects gradual recovery in 2027

🌐 Hellenic Shipping News (Greece) —

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The International Energy Agency (IEA) lowered its global oil demand forecast for 2026 due to the Gulf supply crisis. It expects supply through the Strait of Hormuz to gradually recover to 8 million barrels per day by 2027.

The International Energy Agency (IEA) lowered its global oil demand forecast for this year due to the Gulf supply crisis, while projecting supply through the Strait of Hormuz will gradually recover to 8 million barrels a day in 2027. The agency now predicts global oil demand will fall by 1.1 million barrels a day in ...

World Politics Markets Commodities Energy Shipping International Energy Agency oil demand forecast Strait of Hormuz Gulf supply crisis oil supply energy market

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