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Oil demand recovers.. Growth of 1.2 million barrels in the last quarter

July 11, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Oil demand recovers.. Growth of 1.2 million barrels in the last quarter

The International Energy Agency has lowered its forecast for the contraction of global oil demand in 2026 to one million barrels per day, compared to 1.1 million barrels per day in its previous estimates, with an expected average global consumption of 103.5 million barrels per day, according to the agency's latest report released yesterday, Friday. The agency predicted that global oil demand would begin to recover during the fourth quarter of this year with an increase of 1.2 million barrels per day, after a sharp decline during the first half of the year, and it also anticipated an increase in demand of about two million barrels per day in 2027, despite the growth rate remaining below historical averages. View the full content on الشروق أونلاين

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