The International Energy Agency has raised its forecast for global oil demand growth in 2026.

The International Energy Agency released its latest monthly report on the 21st, predicting that global oil demand will increase by 930,000 barrels per day in 2026, higher than the 860,000 barrels per day predicted in the December monthly report last year. The report also pointed out that the growth in global oil demand in 2026 will still come entirely from non-OECD countries.