{"id":159188,"date":"2026-09-11T18:57:58","date_gmt":"2026-09-11T22:57:58","guid":{"rendered":"https:\/\/alofokedeportes.com\/en\/sin-categoria\/iea-projects-drop-in-global-oil-demand-due-to-us-iran-crisis\/"},"modified":"2026-09-11T18:57:58","modified_gmt":"2026-09-11T22:57:58","slug":"iea-projects-drop-in-global-oil-demand-due-to-us-iran-crisis","status":"publish","type":"post","link":"https:\/\/alofokedeportes.com\/en\/national\/iea-projects-drop-in-global-oil-demand-due-to-us-iran-crisis\/","title":{"rendered":"IEA projects drop in global oil demand due to US-Iran crisis"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Oil market outlook: Decline in demand for 2026 and global tensions<\/h2>\n\n\n\n<p>The global energy market faces a complex landscape. According to data analyzed by Alofoke Deportes, global oil demand will experience a significant decline of 2.5 million barrels per day (mb\/d) by the year 2026. This figure represents a downward revision of nearly one million barrels compared to previous projections, driven mainly by the stagnation in diplomatic negotiations between the United States and Iran, which continues to delay the normalization of crude oil flows and puts upward pressure on prices.<\/p>\n\n\n\n<p>The impact of this contraction will be felt most strongly in the middle distillates and petrochemical feedstocks sector, with Asia being the most affected region. However, specialists estimate a technical recovery of 2.6 mb\/d by 2027, which would allow for offsetting the deficit projected for the previous year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Impact on global supply and production<\/h2>\n\n\n\n<p>Geopolitical instability has left its mark on production levels. During the past month of August, global supply fell by 1.6 mb\/d, standing at 100.1 mb\/d. This decrease is due to the fact that more than 10 mb\/d of production from the Gulf remains paralyzed due to security risks derived from the conflict in the region.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Downward trend:<\/strong> Total supply for the current year is estimated at 100.7 mb\/d, a drop of 5.7 mb\/d.<\/li>\n<li><strong>American leadership:<\/strong> Growth outside of OPEC+ will be driven by the Americas bloc (United States, Canada, Brazil, Argentina, and Guyana), with a combined contribution of 2.4 mb\/d projected between 2026 and 2027.<\/li>\n<li><strong>Refineries:<\/strong> Global refining activity shows signs of slowing down, with a projected drop of 2.6 mb\/d by 2026.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Market recovery by 2027 will fundamentally depend on the stabilization of supplies and on diplomatic dialogue allowing for the unlocking of international energy flows.<\/p>\n<cite>Alofoke Deportes<\/cite><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Reduction of reserves and price volatility<\/h2>\n\n\n\n<p>Global inventories have maintained a steady downward trend, with a cumulative withdrawal of 507 million barrels since February. This adjustment has led the market into a situation of extreme &#8220;backwardation,&#8221; a phenomenon where the price of crude for immediate delivery significantly exceeds future contracts, evidencing the scarcity caused by disruptions in the Middle East and Russia.<\/p>\n\n\n\n<p>The price of North Sea Dated crude has reflected this volatility, averaging 91 dollars per barrel in August and reaching peaks above 113 dollars in recent weeks. Factors such as the increase in freight costs and security risks on maritime routes continue to be the main catalysts for this instability in the global energy sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil market outlook: Decline in demand for 2026 and global tensions The global energy market faces a complex landscape. According to data analyzed by Alofoke Deportes, global oil demand will experience a significant decline of 2.5 million barrels per day (mb\/d) by the year 2026. This figure represents a downward revision of nearly one million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":159189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12809],"tags":[15630,241,6288,13094],"class_list":{"0":"post-159188","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national","8":"tag-iea","9":"tag-lawsuit","10":"tag-market","11":"tag-oil"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts\/159188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/comments?post=159188"}],"version-history":[{"count":0,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts\/159188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/media\/159189"}],"wp:attachment":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/media?parent=159188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/categories?post=159188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/tags?post=159188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}