Oil Market Report - May 2026
World oil demand is forecast to contract by 420 kb/d y-o-y in 2026, to 104 mb/d, 1.3 mb/d less than our pre-war forecast.
You will note at the end of this article from the Smartest Guys in the Room at the IEA that they STILL assume a deal to end the war will be reached and the Black Gold will once again flow freely into the tanks of Happy Motorists around the world. EXCEPT EVERYBODY KNOWS already that even IF some kind of deal is reached to end the war that the flow will never go back to the pre-War levels due to insurance issues at the very least. No sign whatsoever that the war will be over anytime soon, so WTF base your assumptions on this fantasy?
By the Nov elections the true state of the oil market will be patently obvious. Trumpsky will be lucky if he only gets Impeached.
RE