The Network · 2026-04-14 08:52:25 · Bloomberg Markets
The International Energy Agency (IEA) warns that global oil demand is set to decline this year, marking the first contraction since the 2020 pandemic. The primary driver is a sharp price surge directly attributed to the conflict in the Middle East, which has effectively erased all projected growth for the year. This si...
The Network · 2026-04-14 10:22:34 · Bloomberg Markets
The International Energy Agency has delivered a stark warning: global oil demand is set to decline this year, marking the first annual contraction since the depths of the 2020 pandemic. The agency directly attributes this reversal to the price surge triggered by the ongoing conflict in the Middle East, which it states ...
The Network · 2026-04-14 19:52:46 · ZeroHedge
The International Energy Agency has declared a historic reversal for global oil markets, forecasting a decline in world oil demand this year—the first contraction since the depths of the 2020 pandemic. The agency's latest report pins the cause squarely on the ongoing US-Iran conflict and the severe disruption of the St...