IEA forecasts oil demand decline in 2026 and rebound in 2027
The International Energy Agency has forecast that world oil demand will fall by 2.7 million barrels per day in 2026, reaching 102.3 million barrels per day, before rebounding by 2 million barrels per day in 2027. The outlook was published in the IEA Oil Market Report for November 2026. The agency said the year-on-year decline is expected to ease to 2.7 million barrels per day in the fourth quarter of 2026, down from an average fall of 4.4 million barrels per day across the second and third quarters. It said the annual average drop in 2026 will remain 2.7 million... [Continue Reading]
Breaking-360LiveNews | 13 Nov 2026 14:31 LONDON
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EU pledges €10 million for Bulgarian Black Sea search and rescue operations amid shipping threats
The European Commission has announced €10 million in emergency funding for Bulgaria to strengthen search and rescue operations in the Black Sea. The move comes as drone attacks linked to Russia's war in Ukraine have increased risks for commercial shipping in the region. The announcement was made during a visit by European Commission President Ursula von der Leyen to the Bulgarian coastal city of Varna.Von der Leyen said the attacks were disrupting navigation, raising insurance costs and putting lives at sea at risk. She said the purpose of the attacks was to spread fear and uncertainty in Europe, adding that... [Continue Reading]
360LiveNews | 10 Nov 2026 12:29 LONDON
