IEA says demand for oil and refined products is expected to fall by 1.5 million barrels per day.

This Tuesday (14), the International Energy Agency (IEA) released its new projection on the global oil and petroleum products marketAccording to IEAas the war in the Middle East interrupts shipments, demand for fuel It should fall. According to the agency, you blockades in the Strait of Hormuz These are the biggest disruption to oil supply in history. According to the agency's monthly report, as a consequence Supply is expected to fall by 1.5 million barrels per day (bpd).The agency also projected a decline of 1.5 million bpd in the second quarter of 2026, which would represent the biggest contraction in the sector since the COVID-19 pandemicRegarding the flow of crude oil, refined fuels, and natural gas through the Strait of Hormuz It was only 3.8 million bpd at the beginning of April. A wide drop compared to the more than 20 million bpd in February, before the United States and Israel to launch their first attacks on IranThe agency predicts a return to regular crude oil deliveries by 2026. However, should the situation worsen with long-term supply disruptions, the IEA It projects that demand would fall annually by an average of 5 million barrels per day.

This text was translated by machine from Brazilian Portuguese.