Skip to content
Magnolia News

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

Global oil demand is dropping, but US drivers keep buying more gas
Photo: KPRC 2 Houston / Click2Houston (NBC) · view original

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, which the agency expects to amount to about 1 million barrels per day in 2026, is due to higher oil prices and d...

Sources and story details