IEA Predicts 2.5 Million Barrels Daily Drop in Oil Demand

The International Energy Agency (IEA) has projected that global oil demand will decrease by 2.5 million barrels per day by the fourth quarter. This forecast indicates a significant shift in the oil market dynamics, reflecting changes in consumption patterns and possibly economic conditions affecting demand.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
Read full article
Continue on Leadership Newspaper
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories

OPEC Cuts 2026 Oil Demand Forecast by Over 70%

OPEC Raises 2027 Oil Demand Forecast Amid Cuts for 2026

IEA Releases 330 Million Barrels to Stabilize Oil Market

IEA Warns of Long-Term Energy Market Disruptions

IEA's Fatih Birol Warns Oil Crisis May Last Until 2027

Nigeria's Oil Output Drops to 1.5mbpd in August 2026
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.









