The IEA slashed its 2026 global oil supply outlook again, now forecasting a 5.7M-bpd decline as Gulf disruptions persist into 2027. Global inventories fell 3.1M bpd in August to 7.8B barrels, the lowest since 2023. #Oil#IEA#Energy
Global EV sales rebounded 35% in Q2 as higher oil and fuel prices following the Middle East crisis pushed more drivers toward electric vehicles, according to the IEA. The agency now expects EVs to account for 29% of global car sales in 2026. #EV#ElectricVehicles#Energy#IEA
The IEA says global oil demand could fall by 1 million bpd in 2026—the first annual decline since 2020—as the Iran conflict and Strait of Hormuz disruptions reshape energy markets. OPEC also cut its 2026 demand forecast for a third straight month. #Oil#OPEC#IEA#EnergyMarkets
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