cnbc.com/2026/07/10/iea-world-oil-demand-declines-iran-war.html

to keep prices up

probably cut production

they’ll survive

what about saudi arabia?

true that

lobbying never stops

or lobby harder

they’ll pivot

oil companies gonna hate this

nah just changing

so we’re doomed?

exactly

but first annual drop since...

yeah not a crash

sounds like a slow decline

hmm

still high

what about jet fuel?

good point

still need oil for plastics

more renewables now

yeah but this time different

so demand fell then too?

2020 was pandemic year

still gas guzzlers everywhere

nah

electric cars taking over?

iea says so

first time since 2020

oil demand dropping huh