A report from the International Energy Agency indicates that global oil demand is expected to decline this year. This decrease would be the first since 2020, when the COVID-19 pandemic was at its peak. The agency attributes the drop to higher oil prices and supply disruptions.

The decline is anticipated to be around 1 million barrels per day in 2026. Supply disruptions were caused by various factors, including a war that affected oil shipments. Further details on the situation and its potential impact are available from the International Energy Agency's report.

Readers can find more information on this topic through the original source, which provides additional context and insights into the global oil demand and its expected changes.