NEW: Another demand downgrade in the latest IEA oil market report
Previously, IEA said a rebound in 2027 would outweigh the Homuz-related drop in 2026
Now, it sees oil failing to make up lost ground next year – demand will remain below 2025 levels
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Yes, this matters for global CO2 emissions: https://www.carbonbrief.org/analysis-global-fossil-fuel-emissions-set-to-fall-in-2026-amid-hormuz-crisis
Here's the latest October IEA oil market report: https://www.iea.org/reports/oil-market-report-october-2026?utm_content=bufferccb9b&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Analysis: Global fossil-fuel emissions set to fall in 2026 amid Hormuz crisis - Carbon Brief