The International Energy Agency (IEA) predicts a 1.047 million bpd drop in global oil demand in 2026, the first contraction since 2020. Despite a May slump, improved supply data and lower prices are expected to stimulate consumption, with demand returning to growth in Q4 2026.
The International Energy Agency (IEA) predicts a 1.1 million bpd drop in global oil demand in 2026 due to the Middle East conflict, revising its May forecast downwards. Demand fell sharply in April-May, with recovery expected in Q4 2024.
CryptoQuant warns Bitcoin could face a multimonth decline after its April rally was driven entirely by perpetual futures demand while spot demand contracted. The analytics firm says this divergence between rising prices and contracting spot demand is one of the clearest on-chain signals that price gains are speculative rather than structural, comparing the pattern to the start of the 2022 bear market.
