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Vitol CEO Sees Oil Demand Dropping 3 Million Barrels a Day

Global oil demand is set to drop by about 3 million barrels a day in 2026 and will take a year to recover to levels seen before the US-Iran war, according to Vitol Group Chief Executive Officer Russell Hardy, underscoring the economic toll of the…

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ImpactNotable
Published1 d ago (Mon, 02 Nov 2026 13:37:01 GMT)
AuthorSalma El Wardany and Alex Longley
MoreLess
Impact score53/100
RatingProbability of 50%.
RegionsGlobal
Retrievedvia rss
ClassifiedMon, 02 Nov 2026 17:00:42 GMT by classifier