Event Brief
Jul 10, 2026 at 8:00 AM ET
IEA forecasts first annual oil demand drop since
By The BriefBrief
The IEA says global oil demand will fall by 1 million bpd in 2026, the first annual contraction since 2020.
WHO: International Energy Agency (IEA)
WHAT: IEA forecasts global oil demand will contract in 2026 by 1 million barrels per day
WHEN: Jul 10, 2026 at 7:58 AM ET
WHERE: Location not specified
WHY: Oil demand is set to shrink as the US-Iran war throttles Gulf exports, while supply increased in June.
Reporting from 2 identified publishers across this event arc.
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