Global oil demand is dropping, but US drivers keep buying more gas

Jul 10, 2026, 9:38 PM

NEW YORK (AP) — Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic in 2020, according to a report from the International Energy Agency. The drop, which the agency expects to amount to about 1 million barrels per day in 2026, is due to higher o...

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