Global oil demand is projected to increase by 849,000 barrels per day (bpd) in 2026, according to the latest report from the International Energy Agency (IEA).

Oil prices fell on Monday as new data revealed a decline in China's inflation rate, raising concerns about the country's economic health and fuel demand.

Oil supply from OPEC+ countries could reach 62.9 million barrels per day (bpd) by 2050, up from 50.3 million bpd in 2023, to OPEC's long-term World Oil Outlook.