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macroJul 10, 2026, 8:30 AM

IEA Forecasts Oil Demand to Rise 1.2M bpd YoY in Q4

The International Energy Agency projects a year-on-year increase of 1.2 million barrels per day in global oil demand for the fourth quarter.

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The International Energy Agency (IEA) has released its latest forecast, indicating that global oil demand is expected to rise by 1.2 million barrels per day (bpd) in the fourth quarter compared to the same period last year.

The projection, based on the IEA's current data, reflects continued recovery in energy consumption and economic activity, though the report does not detail regional drivers or supply-side factors. The estimate is part of the agency's regular monthly oil market assessment.

Source: FXStreet Forex News