IEA OMR: IEA raises 2026 average oil demand growth forecast to 860k BPD (prev. forecast 770k BPD); IEA lowers global oil supply growth forecasts by 100k BPD for 2025, and by 20k BPD for 2026
- IEA raises 2025 world oil demand growth forecast to 830k BPD (prev. forecast 790k BPD).
- IEA sees ‘parallel markets’ of surging crude output and stocks, but tight refined fuel markets, persisting ‘for some time’.
- IEA says global oil supply fell 610k BPD M/M in November as sanctions on Russia, Venezuela forced output declines.
- IEA sees total world oil supply 3.84mln BPD higher than demand in 2026 in monthly report (prev. forecast 4.09mln BPD).
11 Dec 2025 - 09:00- EnergyImportant- Source: IEA
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