Upgraded forecast for global oil demand.

VTV.vn - In its monthly oil market report, the International Energy Agency (IEA) has raised its forecast for global oil demand growth in 2026.

The IEA has raised its forecast for global oil demand growth in 2026.

In its monthly oil market report, the International Energy Agency (IEA) raised its forecast for global oil demand growth in 2026, while lowering its forecast for supply growth, which will lead to a slight decrease in the surplus next year.

According to the IEA, global oil supply could exceed demand by 3.84 million barrels per day. The IEA raised its forecast for global oil demand growth for both this year and next, due to improved macroeconomic prospects and significantly reduced concerns about tariffs.

The IEA believes that falling oil prices and a weaker US dollar – both currently at their lowest levels in nearly four years – will continue to boost oil demand next year. This year, oil demand growth has largely come from countries outside the Organization for Economic Cooperation and Development (OECD). In addition, breakthroughs in trade agreements with the US have helped restore confidence in the economic outlook, after a period of negative consumer sentiment earlier in the year.

World oil prices fell in trading on December 11th.

World oil prices fell on December 11th, as investors focused on progress in Russia-Ukraine peace talks and concerns about large gasoline and oil inventories in the United States.

At the close of trading, North Sea Brent crude oil in London closed at $61.28 per barrel, down 93 cents from the previous session, or 1.49%. US West Texas Intermediate (WTI) sweet crude oil fell 86 cents, or 1.47%, to $57.60 per barrel.

For most of the trading session, both Brent and WTI prices fell by nearly 2%, retreating to their lowest levels since October 2025.

Andrew Lipow, President of Lipow Oil Associates, noted that the market is under pressure from significant oversupply in gasoline and diesel inventories, which is evident in the very weak refining margins.

According to the U.S. Energy Information Agency (EIA), U.S. gasoline inventories increased by 2.5 million barrels last week (ending December 5), while inventories of other distillate products also rose by a similar amount.

The prospect of a peace agreement between Russia and Ukraine also contributed to the decline in oil prices, as such an agreement could bring back large quantities of Russian oil – currently excluded from much of the world market.

Source: https://vtv.vn/nang-du-bao-nhu-cau-dau-mo-toan-cau-100251212083111523.htm