{"id":336953,"date":"2026-02-15T08:00:00","date_gmt":"2026-02-15T12:00:00","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/iea-lowers-its-oil-demand-growth-forecast-for-2026\/"},"modified":"2026-02-17T10:11:50","modified_gmt":"2026-02-17T14:11:50","slug":"iea-lowers-its-oil-demand-growth-forecast-for-2026","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/iea-lowers-its-oil-demand-growth-forecast-for-2026\/","title":{"rendered":"IEA lowers its oil demand growth forecast for 2026"},"content":{"rendered":"\n

The International Energy Agency (IEA) significantly cut its oil demand<\/strong> growth forecast for 2026<\/strong>. In its most recent Oil Market Report, published on Thursday, the entity projects an increase of only 850,000 barrels per day (bpd)<\/strong>, lower than the 930,000 bpd it estimated just a month ago. <\/p>\n\n

This adjustment has had immediate effects on the markets, with international crude oil prices falling nearly 3%<\/strong> following the report, reflecting investors’ concerns about a possible cooling of global consumption.<\/p>\n\n

All growth will come from developing countries<\/h2>\n\n

According to the IEA, oil demand<\/strong> growth this year will be concentrated exclusively in developing economies, with China as the main protagonist<\/strong>. The Asian nation will lead the increase in consumption, mainly through the momentum of its petrochemical industry. petrochemical industry<\/a><\/strong>. <\/p>\n\n

Precisely, the petrochemicals sector will account for more than half of this year’s gains<\/strong>, a proportion that contrasts with the 2025 scenario, when transportation fuels dominated growth.<\/p>\n\n

Divergent projections between IEA and OPEC<\/h2>\n\n

The IEA report also shows a relevant difference with the forecasts of the Organization of the Petroleum Exporting Countries (OPEC). Organization of the Petroleum Exporting Countries (OPEC).<\/a><\/strong>. While the IEA estimates a growth of 850,000 bpd for 2026, OPEC maintains its forecast at 1.4 million bpd<\/strong>, which is considerably higher. <\/p>\n\n

The oil organization, which groups major producers such as Saudi Arabia, Iran<\/a><\/strong> or Venezuela, also foresees a steady growth towards 2027, with an estimated increase of 1.3 million bpd.<\/p>\n\n

Market supply surplus anticipated<\/h2>\n\n

In addition to the cut in demand, the IEA forecasts that the oil market will record a surplus in 2026. According to its estimates, world supply will increase by 2.4 million bpd, reaching a total of 108.6 million bpd<\/strong>. <\/p>\n\n

This growth will be evenly distributed between OPEC+ and non-OPEC+ member countries, including major producers such as the United States, Canada and Brazil.<\/p>\n\n

Temporary outages impacted supply in January<\/h2>\n\n

The IEA also adjusted its supply forecast for this year slightly downward due to adverse weather conditions. In January, global production fell by 1.2 million bpd<\/strong> following severe winter storms. severe winter storms<\/a><\/strong> storms that affected North America. <\/p>\n\n

In addition, prolonged outages were reported at the Kazakhstan export terminal Kazakhstan’s export terminal<\/a><\/strong>In addition, prolonged outages were reported at Kazakhstan’s export terminal, accentuated by a power outage at the country’s largest field, Tengiz. This situation generated punctual tensions in light crude oil flows in the Atlantic Basin. <\/p>\n\n

Supply recovery will set the pace of the market<\/h2>\n\n

Despite the cuts and outages, the IEA anticipates a progressive recovery of supply in the coming months, as operations in the affected countries normalize. This combination of higher supply and lower demand creates a scenario in which prices could remain under downward pressure, unless new geopolitical factors emerge that alter the balance. <\/p>\n\n

Source: International Energy Agency<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The agency estimates growth of only 850,000 barrels per day driven by developing economies.<\/p>\n","protected":false},"author":10019,"featured_media":336657,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-336953","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/336953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/10019"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=336953"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/336953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/336657"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=336953"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=336953"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=336953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}