Amid the conflict in the middle east:conomics reports, citing the report of the International Energy Agency (IEA).
According to Azeri-Press News Agency, in March, the IEA expected global daily oil demand to increase by 644 thousand barrels in 2026. Thus, the April forecast indicator is approximately 730 thousand barrels lower than the March assessment.
The IEA also states that, according to the forecast, global daily oil demand will decrease by 1.5 million barrels in the second quarter of 2026. This will be the largest decline since the COVID-19 pandemic period. However, as supply chains begin to normalize from May and macroeconomic prospects improve, the pace of the decline will weaken.
According to the IEA’s forecast, global daily oil demand in 2026 will amount to 104.259 million barrels, which is lower compared to 104.342 million barrels in 2025.