Global oil demand is falling, and crude prices are down. But here’s why gasoline, diesel and other refined products are still costly
The main exception to the global slump in oil usage was in the U.S., where gasoline use increased in the second quarter of 2026.
Read the full articleYou might also wanna read
Global oil demand set to decline for first time since 2020 as U.S. drivers buck the trend
Global oil demand is set to decline this year for the first time since 2020. The International Energy Agency expects a drop of about 1 milli
apnews.com·5d agoEnergy Indicators
Retail gasoline and diesel prices continue to decline. Motor gasoline consumption remains in line with historic trends, and distillate fuel
Global oil demand is dropping, but US drivers keep buying more gas
Global oil demand is set to decline this year for the first time since 2020.
Global oil demand is dropping, but US drivers keep buying more gas
Global oil demand is set to decline this year for the first time since 2020.
Global oil demand is dropping, but US drivers keep buying more gas
Global oil demand is set to decline this year for the first time since 2020.
Iran War triggers first fall in global oil demand since 2020
International Energy Agency forecasts global oil demand set to fall by one million barrels a day this year, but warns petrol and diesel mark
Comments
Sign in to join the conversation.
No comments yet. Be the first.