Oil
Global oil demand to fall 2.7m bpd in 2026 as high prices curb consumption – IEA
CEII brief
BusinessDay reported on 13 Nov 2026: Global oil demand to fall 2.7m bpd in 2026 as high prices curb consumption – IEA.
Read the full story on BusinessDayGlobal oil demand is expected to decline by 2.7 million barrels per day in 2026 as high fuel prices, supply read more Global oil demand to fall 2.7m bpd in 2026 as high prices curb consumption – IEA
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © BusinessDay. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
