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  • IEA lowers 2026 oil demand forecast on economic uncertainty, higher prices

IEA lowers 2026 oil demand forecast on economic uncertainty, higher prices

  • February 12, 2026

Oil prices surged in early 2026 due to supply disruptions from weather, sanctions, and geopolitical tensions, but recent negotiations and strategic adjustments are expected to stabilize the market, with supply rebounding and inventories increasing.

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