EIA Cuts 2026-2027 Global Oil Demand Forecasts to 104.2M and 105.6M Barrels Daily

According to the U.S. Energy Information Administration's annual energy outlook, global oil demand is now projected at 104.2 million barrels per day in 2026, down from the previous forecast of 104.6 million barrels per day. For 2027, demand is estimated at 105.6 million barrels per day, revised down from 106.2 million barrels per day.
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