EIA cuts 2026 global oil demand forecast by 1.97M b/d to 102.43M b/d

The EIA's monthly report revises down 2026 global liquid hydrocarbon demand by 1.97 million b/d to 102.43 million b/d, signaling a sharper demand decline than previously expected. This marks a notable downward revision, likely reflecting weaker economic growth or efficiency gains. The move could pressure oil prices and influence OPEC+ supply decisions.