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IEA Slashes Oil Demand View on War, Warns of Further Slump

IEA cuts 2026 oil demand forecast by 1.2M bpd due to war, warns of 0.8M bpd additional slump.

Ticker
XOM

Filing analysis

IEA demand cut triggers 4.5% drop in WTI crude to $72.50; Exxon Mobil faces 6% downside risk.

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Source: Original SEC filing

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