Global oil demand set for first annual drop since the COVID-19 pandemic, IEA says

Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports, though the IEA also noted supply increased in June.

This story was reported by Latest News From Euronews | Euronews RSS. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

Read full coverage at Latest News From Euronews | Euronews RSS →

Global oil demand set for first annual drop since the COVID-19 pandemic, IEA says

More from Europe Today

The Oasis and Glastonbury effect: How 2025 was a record year for UK music tourism

Man ‘rescued by wife after nearly being sucked out of window’ on Ryanair flight

Greek police arrest 2 people over 2010 fatal arson attack on Athens bank

Greek anti-terrorist police arrest three for deadly bombings targeting politicians

‘I had an incredible escape’: British woman tells of close encounter with Spanish wildfire

Ukrainian spy accused of killing Monaco bombing suspect retracts confession