Global Oil Demand Falls for the First Time Since COVID

Global oil demand, disrupted by the Iran war, is poised to shrink in 2026, the first time that’s happened since the COVID-19 pandemic, the International Energy Agency said on Friday.

First covered Jul 10, 2026 · 1:38 PM PT · 1 article · no longer in the live window

Coverage

78d Inside Climate News Global Oil Demand Falls for the First Time Since COVID — Global oil demand, disrupted by the Iran war, is poised to shrink in 2026, the first time that’s happened since the COVID-19 pandemic, the International Energy…

More coverage from around the web

cnbc.com From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war

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iea.blob.core.windows.net Oil Market Report

energynow.com Iran War Upends IEA's Oil Market Outlook as Global Supply and Demand to Contract in 2026 - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

qz.com Global oil demand is set to fall for the first time since 2020, IEA says

Discussion

Bluesky: @dangearino.bsky.social Dan Gearino · 78d ago · 3 ♥ Global oil demand to fall this year for the first time since COVID, according to IEA. “I think the events of the past few months in Iran will have an effect and are likely to hasten the secular decrease in oil demand,” said Samantha Gross of Brookings.

Appeared in: 2026-07-10 (#2) · 2026-07-11 (#3) · 2026-07-12 (#6) · 2026-07-13 (#14)

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