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Euronews
Euronews
Quirino Mealha

IEA and OPEC split on global oil demand estimates as Strait of Hormuz closure drags

Two of the most influential voices in energy markets set out opposing readings of the year on Wednesday.

The IEA now expects the world to burn less oil in 2026 than it did in 2025, its first such call since Covid-19 ground the global economy to a near-halt, while OPEC still pencils in growth, leaving them more than two million barrels a day apart.

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