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The Economic Times

Business

Global oil demand to fall by 2.6 million barrels per day in 2026, diesel to account for 25 pc of decline: IEA

Oil International Energy Agency Iran War OECD

New Delhi: Global oil demand is expected to decline by 2.6 million barrels per day (mb/d) in 2026, with diesel accounting for 25 per cent of the dip, according to the International Energy Agency (IEA).

In its latest report, the IEA noted that the Iran war is weighing on global oil demand amid fuel shortages, soaring prices and deteriorating economic conditions.

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