EIA cuts 2026 oil demand growth estimate to -2.03 mbpd, trims 2027 to 1.97 mbpd

The EIA lowered its 2026 oil demand growth estimate to -2.03 mbpd from -1.97 mbpd and cut its 2027 estimate to 1.97 mbpd from 2.21 mbpd, while raising its 2025 demand baseline by 0.01 mbpd. It also raised its 2026 non-OPEC supply growth estimate to 0.23 mbpd from 0.20 mbpd and cut its 2027 estimate to 2.89 mbpd from 3.21 mbpd.

Detected & updated continuously · Source: Nebula