Oil demand is falling off a cliff while prices climb—something doesn't add up.
The IEA just slashed its 2026 forecast by 940,000 barrels per day. They now expect global demand to drop 2.5 million barrels daily—the sharpest decline since 2020.
Back in January, they thought 2026 demand would grow by 700,000 barrels. Now it's collapsing.
The Iran situation is choking supply, especially diesel, jet fuel, and heating oil. Consumers are getting priced out.
This demand shock rivals the four worst in the past 60 years.
When demand craters while prices spike, it usually means something breaks. Either prices correct hard, or the global economy slows faster than anyone expects.
Watch energy stocks, refiners, and transportation costs closely.
The IEA just slashed its 2026 forecast by 940,000 barrels per day. They now expect global demand to drop 2.5 million barrels daily—the sharpest decline since 2020.
Back in January, they thought 2026 demand would grow by 700,000 barrels. Now it's collapsing.
The Iran situation is choking supply, especially diesel, jet fuel, and heating oil. Consumers are getting priced out.
This demand shock rivals the four worst in the past 60 years.
When demand craters while prices spike, it usually means something breaks. Either prices correct hard, or the global economy slows faster than anyone expects.
Watch energy stocks, refiners, and transportation costs closely.