local
Global oil demand is dropping, but US drivers keep buying more gas
By Cathy Bussewitz, Associated Press at KPRC 2 / Click2Houston (NBC)
· July 10, 2026
· 5 min read
Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic in 2020, according to a report from the International Energy Agency.The drop, which the agency expects to amount to about 1 million barrels per day in 2026, is due to higher oil prices and d...
Key takeaway The drop, which the agency expects to amount to about 1 million barrels per day in 2026, is due to higher oil prices and disruptions to physical supply that weighed heavily, but unevenly, on various parts of the world, the report said.
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Original reporting by KPRC 2 / Click2Houston (NBC) . The Pearland surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: local ·
Published: July 10, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic in 2020, according to a report from the International Energy Agency.The drop, which the agency expects to amount to about 1 million barrels per day in 2026, is due to higher oil prices and d...
When was this published? This article was first published on July 10, 2026 by KPRC 2 / Click2Houston (NBC) and curated for The Pearland readers.
Who reported this story? This story was reported by Cathy Bussewitz, Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how The Pearland selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Pearland, or browse our daily briefing and topic hubs .
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