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Vitol CEO Sees Oil Demand Dropping 3 Million Barrels a Day
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarEconomic DataCommodities & Raw Materials
Global oil demand is forecast to fall by about 3 million barrels a day in 2026 and take a year to recover to pre-US-Iran war levels, Vitol CEO Russell Hardy said. He attributed the outlook to the economic toll of surging energy prices.
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