A post by @DeItaone on X.
VITOL CEO SAYS AT END 2026 WE WILL FIND DEMAND HAS SHRUNK BY ABOUT 3 MLN BBLS PER DAY
@DeItaone on X
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Vitol CEO said global oil demand will have shrunk by about 3 million barrels per day by the end of 2026, warning that the world cannot cope with a larger disruption than today's. The forecast from the head of the world's largest independent oil trader signals expectations of a structural demand contraction rather than a temporary dip, with implications for OPEC+ supply policy, refining margins, and crude price dynamics through 2026. The 3 million bpd figure is roughly the size of a mid-sized OPEC producer's daily output, underscoring the scale of the projected demand loss. Traders will watch upcoming OPEC+ meetings, IEA and OPEC monthly demand revisions, and Chinese and emerging-market consumption data for confirmation or pushback on Vitol's outlook.
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Named in this story
Vitol, Walter Bloomberg