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Oil demand
News updates related to oil demand.
The IEA lowers its forecast for global oil demand in 2026, causing Brent prices to fall below $70.
The International Energy Agency (IEA) forecasts that the oil market will face a surplus of 3.73 million barrels per day in 2026 due to slowing demand growth.
Market
US oil production is projected to fall to 13.78 million barrels per day in November 2025.
A report from the EIA shows that US crude oil production has fallen by 82,000 barrels per day, while fuel demand has plummeted to its lowest level since April 2025.
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