Associated Press July 11, 2026 • 00:14

Global oil demand is dropping, but US drivers keep buying more gas - AP News

By Cathy Bussewitz

Global oil demand is dropping, but US drivers keep buying more gas - AP News

Global oil demand is set to decline this year for the first time since 2020. The International Energy Agency expects a drop of about 1 million barrels per day by 2026. This decline is due to higher oil prices and supply disruptions caused by the U.S.-Iran con…

NEW YORK (AP) Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic in 2020, according to a report from the International Energy Agency.
The drop… [+4934 chars]

More from Associated Press