Mideast Volatility Shaves Off Oil Demand Projections

Sustained volatility in the Middle East has taken a significant chunk out of global oil demand this year, according to leading forecasters. They predict that the disruptions will have a larger impact than initially thought, although a strong rebound is expected in 2027.

The latest reports from these forecasters indicate that the ongoing Mideast disruptions are causing a reduction in global oil demand. This comes despite a strong rebound anticipated for next year, when demand is expected to rise.