Energy and oilUpdated November 3

IEA now forecasts a 1.5% drop in global gas demand for 2026

The IEA now expects global gas demand to fall about 1.5% in 2026, or roughly 65 billion cubic meters. That is a deeper decline than its earlier forecast of 0.5%, or 20 billion cubic meters. At the same time, the report attributes a drop of more than 60 billion cubic meters in shipments from Qatar and the UAE to Strait of Hormuz disruptions between March and September 2026. The demand figure is a forecast; the shipment drop is reported for that period.

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Coverage started November 3