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Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock

Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock The global demand destruction playbook we outlined last month, describing how the Gulf energy shock would spread across continents, is now materializing on a large scale. The International Energy Agency said in a Tuesday update that global oil demand will decline this year for the first time since 2020. "The Iran war has thoroughly upended the global outlook for oil consumption," the IEA wrote in its Oil Market Report. "Demand destruction will spread as scarcity and higher prices persist." The IEA...
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Apr 11, 2026 / Tyler Durden
Rep. Tim Burchett Says "Names, Dates, People And Locations" Set To Be Revealed In UFO Briefings
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Apr 6, 2026 / Tyler Durden
UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks
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Jun 6, 2026 / Tyler Durden
Goldman's World Cup Winner Prediction Is ...
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