IEA Lowers Oil Demand Forecast by 420,000 Barrels Per Day Amid Rising Prices

The International Energy Agency (IEA) has revised its global oil demand outlook downward by 420,000 barrels per day due to surging crude prices. Despite this decline in demand, the supply shortfall from Middle East production disruptions remains significantly larger.

By Matt DiLallo, The Motley Fool Fri, May 15, 2026 at 10:20 PM GMT+3 5 min read · Yahoo Finance · May 15, 2026, 19:20 UTC

IEA Lowers Oil Demand Forecast by 420,000 Barrels Per Day Amid Rising Prices

Tickers: $JPM

Topics: Brent crude prices energy stocks IEA report oil demand

Read the full article at Yahoo Finance

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