The IEA said global oil demand will decline this year as a price surge tied to the Middle East conflict offsets growth. The update points to weaker consumption expectations and heightened geopolitical risk for energy markets. The news is likely to be sector-moving for oil and broader commodity-linked assets.
The IEA said global oil demand will decline this year as a price surge tied to the Middle East conflict offsets growth. The update points to weaker consumption expectations and heightened geopolitical risk for energy markets. The news is likely to be sector-moving for oil and broader commodity-linked assets.
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mildly negative
Sentiment Score
-0.35
