Global oil demand is projected to decrease for the remainder of 2026, according to recent consumer forecasts. This anticipated decline is driven by ongoing supply disruptions stemming from geopolitical tensions involving the US, Iran, and Israel. Simultaneously, increasing oil prices are contributing to the downward pressure on consumption worldwide. These factors combined create a challenging outlook for the oil market. The forecasts suggest consumers are reacting to both limited availability and higher costs by reducing their oil usage. Further analysis indicates this trend could impact global economic activity dependent on oil. The report originated from EL NACIONAL.