THE International Energy Agency (IEA)The International Economic Agency (IEA), in its monthly report released today (13), projected a drop of 420,000 barrels per day (bpd) in global oil demand in 2026, a significantly lower volume than the previous estimate, which pointed to a decrease of 80,000 bpd. For the second quarter, the agency estimates a drop of 2.45 million bpd in demand, compared to the previous projection of 1.5 million bpd. According to the agency's report, the flow would resume through the Strait of Hormuz from June, and the gradual growth in demand would only see advances in August. From this month onwards, the IEA estimates that the demand for oil would remain close to the levels recorded in 2025 until the end of the year. As for supply, the agency projects that the global volume will decrease by 3.9 million bpd in 2026, a significant drop compared to the previous estimate of 1.5 million bpd.
This text was translated by machine from Brazilian Portuguese.