Outcome
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.
About this event
- 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
Related events
EIA Weekly Petroleum Status Report - 12 August 2026
12 AugustOPEC Monthly Oil Market Report - August 2026 edition
13 AugustEIA Weekly Petroleum Status Report - 5 August 2026
5 AugustIraq and Turkiye sign one-year Ceyhan crude pipeline transport agreement
1 AugustRussian producers exempted from diesel and marine fuel export curbs (1 September 2026)
1 September
The symbol
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