Loading...

Please wait while we get things ready for you

Lavamgam

The whole news day, read for you in minutes.

Instagram

Product

News
Summaries
Analysis
AI Chat
Newsletter
RSS Feed

Company

About Us
Features
Pricing
Contact Us
Help Center

Legal

Privacy Policy
Terms of Service
Cookie Policy
Refund Policy
Report Content

Oil Shock Escalates: IEA Warns of 2.5M Bpd Demand Destruction as Diesel Hits $6 and Indonesia Fires Rival 2015 Emissions | Lavamgam

Energy

Negative

Oil Shock Escalates: IEA Warns of 2.5M Bpd Demand Destruction as Diesel Hits $6 and Indonesia Fires Rival 2015 Emissions

The International Energy Agency slashed its 2026 global oil demand forecast on Friday, now projecting a 2.5 million barrel per day decline from last year—far steeper than the 1.6 mb/d drop it forecast in August—as the Iran war and Houthi seizure of the Red Sea's Bab al-Mandeb strait tighten supply. U.S. diesel prices topped $6 per gallon for the first time, with the IEA warning the refining system is "stretched to the limit" and diesel now trades above $200/barrel in...