IEA Oil Market Report - August 2026 edition
The IEA released its monthly Oil Market Report on August 12, 2026, covering global oil supply, demand, and inventories. The agency revised its 2026 global demand decline forecast to 1.6 million barrels a day, 510,000 barrels a day steeper than its July estimate, citing deepening effects from the Strait of Hormuz closure. Global observed oil inventories fell below 7.9 billion barrels in July for the first time since April 2025.
Recorded figures
- Revised 2026 global oil demand decline forecast
- کاهش ۱.۶ میلیون بشکه در روز
- Previous forecast (July report)
- کاهش ۱.۱ میلیون بشکه در روز
- Global observed oil inventories in July, lowest since April 2025
- کمتر از ۷.۹ میلیارد بشکه
- Brent crude price at time of report
- حدود ۹۰ دلار
As of Aug 12, 2026
Sources
Cited Jul 2, 2026
The IEA forecast demand will drop by 1.6 million barrels a day in 2026. That's 510,000 barrels a day more than its last monthly prediction in July.
Cited Aug 13, 2026
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